ROFIN-SINAR invests in new production capacities for fiber lasers in Finland

PLYMOUTH, USA & HAMBURG, GERMANY: ROFIN-SINAR Technologies Inc., one of the world's leading developers and manufacturers of high-performance laser beam sources and laser-based solutions, has acquired, through its wholly-owned subsidiary CorelaseOy, a block of buildings in Tampere, Finland. The acquisition of these facilities will provide an increase in the manufacturing capacity for the company's fiber laser series.

The purchase of the premises in Tampere comprises an area of about 20,000 square meters (sqm) of land. The buildings total over 5,000 sqm of floor space, including approximately 800 sqm of existing cleanroom capacities. The value of the transaction is approximately $5.3 million and the transaction is subject to customary closing conditions.

"We are very happy to gain access to these premises as they perfectly suit our need to ramp up high power fiber laser production over the coming quarters. The existing cleanroom and production space will enable us to accelerate the hiring and training of additional work force to enhance the production of fiber laser modules. This investment underlines ROFIN's commitment to further strengthen our position in this technology," said Gunther Braun, CEO and president of RSTI.