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Rood Technology buys Microtec 07-07-08

Rood Testhouse International acquires all shares of Microtec GmbH, based in Stuttgart, Germany. The combination of Rood Technology and Microtec, with consolidated sales in 2007 of approx. Euro 17.5 million and close to 165 employees. The independent European testhouse offers testing, test engineering, failure analysis and qualification. Microtec sales for 2007 totalled € 8.0 million, with an operating result (EBIT) of approx. € 648,000 (under German GAAP). 40% of sales is realized in Germany, 16% in Britain, 12% in Scandinavia, 20% in Switzerland and the remainder in the rest of Europe. The company has approximately 65 employees. The revenue of Rood Technology in 2007 was Euro 9.5 million, and the net income was Euro 5.000.

 
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