Lukas Winkler, president and chief executive officer, commented, "Increasing demand for displays for mobile phones, computers, digital cameras and other consumer electronics, as well as wireless communications and other technologies, demonstrates we can expect increasing demand for high quality, competitively priced quartz-based products. Our acquisition of EDC will boost our position in the optical coating and display markets, already an important area for Inficon."
"The acquisition, which will be accretive for the fiscal year 2006, provides INFICON with a significant competitive advantage through supply chain vertical integration" Winkler stated. "We will now manufacture and sell the quartz crystal resonators that are essential to the manufacture of quartz crystal products used in thin film monitoring and control instruments. We will also offer a complete line of oscillator products for telecommunications networks, wireless products and electronic testing equipment."
Winkler also added "We are excited about our acquisition of EDC not only because of the potential for expanding our position in this important market but also because of our shared business philosophy. EDC has served as an excellent supplier to Inficon for many years, and we know first-hand that our two companies are aligned in our emphasis on providing superior products and service to our customers."