WIRE
5/2008 October
Rood Technology becomes European market leader
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Zwolle/NL (Rood) – Rood Testhouse International N.V. (Rood Technology) has reached agreement about the acquisition of all the shares in the capital of Microtec GmbH, based in Stuttgart, Germany.
The combination of Rood Technology and Microtec, with consolidated sales in 2007 of approx. ER 17.5 million and close to 165 employees, will have a strong European market position and will be the undisputed largest independent European testhouse based on its present service provision: testing, test engineering, failure analysis and qualification.
Microtec is one of the larger independent testhouses in Europe, with a major position in both Opto Electronics (chips for optical applications) and with fabless semiconductor companies.
Sales for 2007 totalled EUR 8.0 million, with an operating result (EBIT) of approx. EUR 648,000 (under German GAAP). 40% of sales is realized in Germany, 16% in Britain, 12% in Scandinavia, 20% in Switzerland and the remainder in the rest of Europe. The company has approximately 65 employees.
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