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FINETECH GmbH Acquires Martin GmbH

Nov 15, 2009

FINETECH GmbH announces the acquisition of Martin GmbH, a manufacturer of rework and dispensing equipment located in Wesseling, Germany.

Martin’s product manufacturing will remain in Wesseling, and the brand name will be preserved. The well-established FINETECH sales, service and support organization will be supplemented by the existing Martin structure to provide an enhanced worldwide presence.

FINETECH CEO Gunter Kuerbis says that the Martin products complement FINETECH’s successful range of systems sold globally under the flagship FINEPLACER® name. Martin CEO Bernhard Martin anticipates that the addition of its dispensing technology, a core capability of the company, will provide a broader product offering to FINETECH’s already significant position in the rework and micro-assembly arena.

With the acquisition, FINETECH offers the complete rework range, from simple hand-soldering technology and basic entry-level rework systems to advanced rework and bonding platforms for complex applications.

About FINETECH

FINETECH is a leading manufacturer of innovative rework and micro assembly equipment for the latest advanced packages. The modular design of the FINEPLACER® platform enables a multitude of applications, from reworking SMDs to the highly accurate placement of flip chips or opto-electronic components. FINETECH is headquartered in Berlin, Germany, with offices in Tempe, Arizona; Manchester, New Hampshire; Shanghai, China; and Penang, Malaysia.

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