ISRA VISION AG: Expected Acquisition - Growth potential in the fast-growing market for solar energy improved
ISRA expands the solar business with acquisition with focus on the production of wafer-based solar cells and modules(PresseBox) ( Darmstadt, )
With the acquisition of Graphikon, ISRA intends to increase the market penetration in the fastgrowing market for renewable energy. The close sales and service network of ISRA - with more than 20 subsidiaries worldwide - now also forms the platform for international sales and distribution of the solutions from Graphikon. The strategic focus of the regional expansion lies in Asia, North America and South Europe. On top of that, Graphikon also supplements the product range of ISRA in the glass sector with interesting applications in the field of glass tubes.
Graphikon GmbH was founded in 1990 by the renowned scientist, Prof. Dr. Jürgen Saedler. A motivated team of experienced specialists from the fields of optics, sensor technology and software development develops and manufactures complete inline and offline inspection systems. Graphikon offers a modular system for inspection tasks. The new Berlin location offers for the ISRA Group not only attractive future prospects through its proximity to research institutions and political decisionmakers, but traditionally is also an important gate to the markets in Eastern Europe.
Graphikon plans to achieve a total output of more than 3.5 million Euros for 2010. The acquisition price in the amount of approx. 75 percent of the current revenues also includes an earnout and share component. Due to notable investments in product developments the company generates a marginal positive result. There is a significant potential for an increase in revenues and profits together with ISRA. For the integration a period of few months is planed. An appreciable contribution from Graphikon to the consolidated revenues and earnings of the ISRA Group is expected in the new fiscal year 2010/2011.
For the fiscal year 2009/2010, which ends in September 2010, ISRA assumes that the forecasts will be met. Based on the order entries of the past few weeks, ISRA expects a moderate revenue growth to more than 60 million Euros, combined with a minor improvement in margins compared to the last fiscal year 2008/2009.