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COMET Completes Capital Increase, Gains Immediate Benefit for FEINFOCUS
September 17, 2004 |Estimated reading time: 1 minute
Flamatt, Switzerland — COMET Holding AG has completed the sale of 100,000 new shares to existing shareholders and as a public offering.
This increase in capital supports recent investments in X-ray technology, such as the acquisition of FEINFOCUS, as well as initiatives to strengthen the company's position in current product sectors.
COMET, a leader in components and systems for growth markets such as security, quality control and miniaturization, showed net sales of more than US $27.5 million (CHF 34.6 million) for the first half of 2004, compared to US $21.9 million (CHF 27.5 million) in 2003. FEINFOCUS, acquired by COMET in May 2004 and a leading global manufacturer of X-ray inspection systems and tubes, has contributed more than US $1.9 million (CHF 2.4 million) in sales and US $2.9 million (CHF 3.7 million) in new orders to COMET's growth.
With the acquisition of FEINFOCUS, COMET has secured its entry into the miniaturization market in the field of X-ray technology, and is focused on broadening its technological offering from a component supplier to a subsystem and specialty microfocus system provider. FEINFOCUS has found an enthusiastic financial and technology partner to accelerate its development of next generation microfocus and nanofocus X-ray solutions.
FEINFOCUS, a COMET company, is an award-winning global leader in high-resolution X-ray inspection systems and tubes. For more information, visit www.feinfocus.com.