INVISION - Übernahme!!! - 500 Beiträge pro Seite

[Der.Eroberer]

Invision übernimmt die deutsche Yxlon GmbH!!! Das Unternehmen
hat einen Umsatz von ca. 50 Mio. Euro und soll das
Produktportfolio von Invision sowie den Zugang zum
europäischen Markt stärken.
Die genaue Meldung werde ich nachher reinstellen.

Der.Eroberer

[Der.Eroberer]

InVision Technologies Signs Definitive Agreement to Acquire YXLON International; German Company a Leader in X-Ray Diffraction and Non-Destructive Testing
2/27/2003 3:00:00 AM



NEWARK, Calif., Feb 27, 2003 (BUSINESS WIRE) -- InVision Technologies, Inc. (INVN) today announced that it has entered into a definitive agreement to acquire YXLON International Holding GmbH for 38.6 million Euros. The acquisition significantly furthers a core component of InVision`s strategy -- to strengthen the company`s global leadership position in certified explosive detection systems (EDS) with continued performance advancements. The acquisition also diversifies InVision`s revenues through YXLON`s leading position in the market for industrial non-destructive testing (NDT) and security-related x-ray components.


The transaction will be funded with cash, and is expected to close by the end of March 2003. InVision will make an additional payment of 10 million Euros if YXLON`s XES 3000 or XES 3500 x-ray diffraction product is certified for explosives detection by the Transportation Security Administration by December 31, 2003. The XES 3000 system has recently been submitted for certification testing. A number of XES 3000 systems are operated by German airport authorities, the Israel Airport Authority, and by the Federal Aviation Administration Technical Center for testing purposes.

"We believe the acquisition of YXLON will strengthen InVision`s position as the leader in the multi-billion dollar global EDS market for aviation security," said Sergio Magistri, Ph.D., InVision`s President and Chief Executive Officer. "YXLON`s diffraction technology is highly complementary to InVision`s computed tomography technology and we expect that the combination will result in a superior EDS product. InVision will also look to leverage YXLON`s core competencies in x-ray technology into new products for check point and cargo screening."

Dr. Magistri added, "We see some attractive synergies with YXLON`s x-ray based NDT business. Both NDT and our EDS products rely heavily on x-ray technology, sophisticated image processing and automated detection of defects, anomalies and threats. Furthermore, YXLON has developed expertise in the development of 450 kilovolt x-ray components that are critical to cargo screening systems, which represents InVision`s entry into this growth area of security," he said.

"We are focused on growing our business, both organically and through acquisitions, and will continue to look for opportunities that meet our strategic goals," continued Dr. Magistri. "Our strategic focus is three-fold: first, strengthening our core EDS business, as we have done with the anticipated acquisition of YXLON; second, expanding our product base into cargo, people and parcel screening; and third, leveraging our aviation security expertise and reputation into the broader homeland security industry."

Joseph Kosanetzky, Ph.D., YXLON`s Chief Executive Officer, said, "We are very pleased to partner with the technology leaders at InVision. Together, we are committed to providing solutions that increase security for the traveling public worldwide. InVision`s experience in commercializing sophisticated technologies creates an ideal synergy with YXLON. My colleagues and I look forward to working with the team at InVision to leverage the substantial combined knowledge base."

YXLON International is a privately held company based in Hamburg, Germany, with operating units in the United States, Denmark and Japan. The acquisition will further expand InVision`s presence in Europe and provide entry into the German aviation security market. YXLON generated revenues of $57.5 million for the year ended September 30, 2002. YXLON has developed x-ray based diffraction for explosive detection over the past decade and is a leading supplier of x-ray based NDT equipment, with a presence in more than sixty countries including the United States. InVision expects the transaction to be slightly dilutive to earnings in 2003, and accretive in 2004. Further financial details and expectations related to the combined businesses will be provided after the transaction is completed.

InVision anticipates that the transaction will provide many benefits, including:

-- Diffraction combined with deployed EDS systems will lower the alarm rate of current EDS equipment to the low single-digit rate. This will be achieved with retrofittable and stand-alone diffraction units; -- Diffraction significantly reduces EDS operating cost by reducing the manual resolution of alarms; -- Increased security performance of installed EDS systems will result from decreased reliance on human interpretation of data; -- Diversifies revenues through YXLON`s leading position in the market for industrial NDT and security-related x-ray components; -- YXLON provides InVision with access to the German market and access to a European infrastructure; -- InVision benefits from YXLON`s business manufacturing conventional x-ray components for existing EDS equipment; and -- YXLON`s on-going business providing higher energy x-ray components and technology for cargo screening represents InVision`s entry into this arena. About InVision

InVision Technologies develops, manufactures, markets and supports explosives detection systems based on advanced computed tomography technology for civil aviation security. InVision`s wholly owned subsidiary Quantum Magnetics develops weapons, narcotics, explosives and other detection systems based on quadrupole resonance and other proprietary magnetic sensing technologies. InVision`s wholly owned subsidiary Inovec develops, manufactures, markets and supports scanning, optimization and control systems for the forest products industry. Additional information about InVision can be obtained on the company`s web site at http://www.invision-tech.com.

About YXLON International

YXLON International is a privately held company based in Hamburg, Germany. YXLON has developed x-ray based diffraction for explosive detection over the past decade. The company develops, manufactures, markets and supports automated x-ray based NDT systems for a wide range of industrial applications, with a presence in more than sixty countries including the United States. YXLON`s x-ray diffraction technology utilizes an energy-dispersive diffraction technique to precisely identify the chemical composition of a wide range of explosive substances, even in very small quantities. The technology can be used on its own in a freestanding system or as part of a multi-level screening concept. YXLON`s systems are known for rigorous detection with very low false-alarm rates.

This press release includes forward-looking statements about future financial results and other events that have not yet occurred, including predictions about the company`s proposed acquisition of YXLON International Holding GmbH and the potential impact of such acquisition on the company`s expected results for fiscal 2003 and 2004. Statements with words like "expect," "anticipate" or "believe," and statements in the future tense, are forward-looking statements. Actual results may differ materially from the company`s expressed expectations because of risks and uncertainties about the future. The company will not update the information in this press release if any forward-looking statement later turns out to be inaccurate. Risks and uncertainties that may affect future results and performance include, but are not limited to, those described below. More details about these and other risks are included in the company`s fiscal 2001 Form 10-K and other SEC filings.




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