Laird Technologies Acquires Klüver Aggregatebau GmbH

Purchase expands thermal product offering into compressor-based systems and enhances market access at leading European medical equipment OEMs

 

St. Louis, Missouri, USA – March 10, 2011 – Laird Technologies, Inc., a global leader in the design and supply of customized performance-critical components and systems for advanced electronics and wireless products, today announced its acquisition of Klüver Aggregatebau GmbH. Klüver’s revenues for the fiscal year ending December 31, 2010 were €13.0m ($17.9m). The transaction is expected to formally close by March 31, 2011.

The purchase expands the scope of Laird Technologies’ thermal management business into compressor-based temperature control systems for usage in medical, telecommunications, and other end-use markets. This expansion is very complementary to Laird Technologies’ already broad product lines, including thermoelectric modules and assemblies, serving these applications. With the acquisition of Klüver, Laird Technologies becomes one of the only companies offering a complete choice of solutions to these complex and critical temperature control applications.

“This addition enhances our approach to strategic markets, especially medical where we have focused in the last few years with our Thermoelectric modules and assemblies capabilities,” said Tom Cochran, President of Laird Technologies Performance Materials Division, which includes the Thermal Materials & Systems Business Unit.

Klüver was founded in 1973 by Jens Klüver to design and make compressor-based cooling systems for digital x-ray systems for medical applications, and this is the core business today. Klüver is based in Kaltenkirchen in Schleswig-Holstein in the north of Germany, approximately 30 minutes from Hamburg.

“We are a leader offering thermoelectric-based cooling systems to medical, telecommunications and other applications and with the compressor-based systems of Klüver we will give our customers the option of either technology,” said Michael Sutsko, Vice President and head of Laird Technologies Thermal Materials & Systems Business. “We intend to globalize the Klüver business, offering the products to all of our customers.”

Jens Klüver, Klüver’s owner and CEO said, "Laird is a global company with an enviable reputation, and is the ideal partner to take Klüver’s products and technology to a wider market. Laird's global operational capabilities and access to growing international markets are a significant advantage for the development of the business."

Klüver will become part of Laird Technologies’ Thermal Materials & Systems Business.

About Klüver Aggregatebau GmbH 

Klüver designs, develops and manufactures thermal management systems, primarily for the medical imaging market, and has been in business for 35 years. These systems operate in harsh operating conditions and as a result are highly specialised to ensure efficiency and reliability.

Klüver operates from a facility in Germany which includes design, production, sales and service.

Klüver will become part of Laird’s Thermal Management Business Unit. The transaction is expected to close on 31 March 2011.

Contact Information 

For additional information, visit http://www.lairdtech.com or contact us at:

Americas: +1.888.246.9050 option 2
Asia: +86.755.2714.1166
Europe: +46.31.420530
e-mail: CLV-customerservice@lairdtech.com 

About Laird Technologies, Inc.

Laird Technologies designs and manufactures customized, performance-critical products for wireless and other advanced electronics applications.

The company is a global market leader in the design and supply of electromagnetic interference (EMI) shielding, thermal management products, specialty metal products, signal integrity components, and antenna solutions, as well as radio frequency (RF) modules and wireless remote controls and systems.

Custom products are supplied to all sectors of the electronics industry including the handset, telecommunications, data transfer and information technology, automotive, aerospace, defense, consumer, medical, mining, railroad and industrial markets.

Laird Technologies, a unit of Laird PLC, employs over 12,000 employees in more than 48 facilities located in 16 countries.

Trademarks

© 2011 All rights reserved. Laird Technologies and its logo are trademarks of Laird Technologies, Inc. Other products, logos, and company names mentioned herein, may be trademarks of their respective owners.

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