Aalberts this morning announced to have reached an agreement with Air Liquide to acquire Lamers High Tech Systems. The company generates annual revenues of approximately € 90m, employing around 300 people in two manufacturing sites in the Netherlands. The acquisition will be financed from existing credit facilities and is expected to be closed before the end of June. The transaction is expected to be immediately earnings accretive.
Lamers is active in the development, engineering, manufacturing, assembling, testing and qualification of systems for control and distribution of high purity gases and chemicals. The systems are used in photolithography systems supplied to the semiconductor industry and metal organic chemical vapour deposition equipment (MOCVD) supplied to the LED industry. The systems of Lamers are also used in the manufacturing process of photovoltaic systems for the solar energy industry. The LED and solar markets are fast growing renewable energy markets, where Industrial Services strives to increase its market share. Besides this, Lamers is active in the installation of high purity distribution networks for gases and fluids, as well as hook-up activities.
Conclusion:
The acquisition of Lamers will strengthen Aalberts Industrial Services activities, more in particular in the semiconductor market, LED production and photovoltaic systems.