|NDT.net||March 2005, Vol. 10 No.03|
Hamburg/Vienna, January 17th, 2005
"The decisive competitive advantage of YXLON is the company's worldwide presence. On the basis of the strong core business, NDT, we aim to expand the new areas of business, and the Computer Tomography (CT) of products in particular", explains Gerhard Unterganschnigg, partner at Andlinger & Company in Vienna. "Moreover, the acquisition of YXLON gives us the opportunity to access a new and highly interesting industry."
Strengthening the market position Together with Andlinger, YXLON intends to strengthen its position as an NDT world market leader further, and will achieve this aim by organic growth primarily. The rapid technological development in the market, however, will necessitate further acquisitions of product and industry specific know-how. Andlinger's aim is a long-term commitment with YXLON.
The previous shareholder of YXLON, Invision, Inc. (USA), divests its shares for antitrust reasons in connection with the acquisition of Invision by General Electric. Andlinger & Company fulfilled all the required criteria and has been deemed by the anti-trust regulators as an appropriate buyer.
About Andlinger & Company, Inc.Andlinger & Company, Inc., established in the USA in the 1970's, is a private investment and management group with offices in Europe and the United States. Andlinger concentrates on the acquisition of companies with growth potential and corporate divestitures.
Andlinger is an investor who actively adds hands-on operating expertise and strategic perspective to acquired businesses. Since its establishment, the group has completed more than 100 successful transactions. Andlinger has 20 partners in Europe and the USA. Currently, the portfolio consists of 13 companies with a total turnover of round 1.5bn EUR and more than 9,000 employees, including 4,000 in Germany.
The Andlinger & Company team consists of experienced specialists from around the world who have senior, hands-on experience in a wide variety of business sectors. They have expertise across four continents, and in a wide range of businesses including manufacturing, services, Old and New Economy alike, family-owned business as well as public companies, operating and strategic divisions. Andlinger focuses on the acquisition of controlling positions in companies or corporate divisions up to 200m EUR.
Contact Andlinger & Company
Essener Bogen 15
Tel: ++49 40 527 29 404
NDT.net Exhibition: YXLON International X-Ray GmbH