NDT.net March 2005, Vol. 10 No.03

Andlinger & Company to acquire High-Tech enterprise YXLON International

Hamburg/Vienna, January 17th, 2005
American-European private equity group Andlinger & company, Inc. together with the management of YXLON International take over 100% of the German High Tech enterprise today. With an expected sales volume of about 58 million Euros in 2004, the Hamburg-based company is one of the world market leaders in X-ray components and systems for nondestructive testing ("NDT"). This technology permits non-contact detection of defects in any kind of product. NDT is applied in the automotive, chemical and petrochemical industries, as well as in aviation and metal working and many other industries.

"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
Pleon Kohtes Klewes Frankfurt
Anja Halsch
Tel.: ++49 69 242 86 121
Fax: ++49 69 242 86 250

Press Contact:

Gina Naujokat
YXLON International X-Ray GmbH

Essener Bogen 15
22419 Hamburg

Tel: ++49 40 527 29 404
Fax: ++49 40 527 29 272
Email: gina.naujokat@hbg.yxlon.com

NDT.net Exhibition: YXLON International X-Ray GmbH

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