COMET Group Acquires PCT Engineered Systems
- Published: April 30, 2015
FLAMATT, SWITZERLAND | In order to rapidly expand market access and the product portfolio for their ebeam technology, the COMET Group, a supplier of x-ray, radio frequency, and ebeam technology, signed a purchase agreement this week with the system integrator PCT Engineered Systems, Davenport, IA, supplier of the BroadBeam line of EB solutions. The parties agreed not to disclose the value of the transaction.
The acquisition of PCT Engineered Systems provides the COMET Group with direct access to the ebeam end-user market and also allows the group to expand its ebeam product portfolio. Charles Flükiger, president of X-Ray & ebeam technologies at COMET, says, "COMET will be able to provide a solution for all potential users of low-energy ebeam technology. This is true for ebeam modules for OEMs, entire ebeam systems to end customers, as well as for all the automation required upstream and downstream from the beam."
“The acquisition…is an important step in the strategic development of the ebeam business as a third pillar of the COMET Group," says Ronald Fehlmann, CEO of COMET Group. "The acquisition allows us to tap market potential that was previously unavailable to us, enabling us to generate sustainable value for the company, shareholders, clients, and employees."
COMET has been working closely with PCT the firm for the last five years, and in 2014 the two companies developed an ebeam-equipped system for the functionalization of polymer films and the curing of inks and coatings. COMET will retain all 85 employees. Terry Thompson will continue as general manager of PCT.
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