Sincotron

25.02.2009: Orbotech ja Orpro Services s.r.l. päässeet sopimukseen asennettujen piirilevyjen tarkastuslaitteiden divisioonan myynnistä Euroopassa ja Amerikassa (uutinen englanniksi)

YAVNE, ISRAEL – February 23, 2009 -- ORBOTECH LTD. (NASDAQ/GSM SYMBOL: ORBK) a world leader in providing yield-enhancing, production support solutions for specialized applications in the supply chain of the electronics industry, and Orpro Services s.r.l. , a subsidiary of Fin.Pro. S.p.A., an Italian holding company, today announced that they have signed an agreement for Orpro Services s.r.l., to acquire Orbotech’s electronics assembly business in Europe and the Americas. The agreement includes R&D, manufacturing, sales and service of Orbotech’s automated optical inspection (AOI) and related process control solutions in the electronics assembly industry. The transaction is subject to customary conditions to closing, including any requisite regulatory approvals, and is expected to close within two (2) months. Orbotech will continue to support and service its installed base in Asia Pacific, as before.

Rani Cohen, Chief Executive Officer of Orbotech Ltd., remarked, “We are confident that we have partnered with the best company to minimize disruption to our existing client base, while providing a clear path for our customers to continue to receive best-in-class solutions and professional service in the future. This business fits naturally with Orpro Services s.r.l., whose sister company Prodelec S.p.A. has been a business partner of Orbotech in Europe for the past 12 years."

“Orbotech has been an important strategic partner for the Group and has helped us in achieving leadership in the European assembled printed circuit board market," stated Roberto Gatti, CEO at Fin.Pro. "Adding Orbotech’s portfolio to our broad range of solutions is the natural conclusion of our longstanding collaboration, and will bring additional benefits to our mutual customers."

About Orbotech Ltd.
Orbotech is principally engaged in the design, development, manufacture, marketing and service of yield-enhancing and production solutions for specialized applications in the supply chain of the electronics industry. Orbotech’s products include automated optical inspection (“AOI”) and process control systems for bare and assembled printed circuit boards (“PCB”s), imaging solutions for PCB production and AOI, test and repair systems for flat panel displays (“FPD”s). Orbotech also markets computer-aided manufacturing and engineering (“CAM”) solutions for PCB production. In addition, through its subsidiary, Orbograph Ltd., Orbotech develops and markets automatic check reading solutions to banks and other financial institutions, and has developed a proprietary technology for web-based, location-independent data entry for check processing and forms processing; and, through its subsidiaries, Orbotech Medical Denmark A/S and Orbotech Medical Solutions Ltd., is engaged in the research and development, manufacture and sale of specialized products for application in medical nuclear imaging. Of Orbotech’s employees, more than one quarter are scientists and engineers, who integrate their multi-disciplinary knowledge, talents and skills to develop and provide sophisticated solutions and technologies designed to meet customers’ long-term needs. Orbotech maintains its headquarters and its primary research, development and manufacturing facilities in Israel, and more than 30 offices worldwide. Orbotech’s extensive network of marketing, sales and customer support teams throughout North America, Europe, the Pacific Rim, China and Japan deliver its knowledge and expertise directly to customers the world over.

For more information visit www.orbotech.com

About Orpro Services s.r.l.
Orpro Service s.r.l. is a subsidiary of Fin.Pro. S.p.A., an Italian holding company based in Milan. The company will operate under the name Orpro Vision. Fin.Pro. is the holding company whose affiliates are Prodelec S.p.A., Prod Electronic s.a.r.l., Neutec Electronic AG and Prodelec North Africa. Fin.Pro. holding company activities offer innovative, global solutions with high quality standards. The important brands that are distributed by the company cover all areas of the manufacturing process, from assembly to test and software integration, enabling the company to offer global solutions for particularly demanding needs. The range of systems consists of pick&place machines, odd-shape mounters, automation tools, labeling cells, dry cabinets, depaneling systems, post paste and post reflow AOI testers, wave soldering machines, reflow ovens and selective soldering machines, X-ray testers, software tools for board/component traceability and SMT line simulation.
Thanks to the skilled staff and to the experience gained on the field through the years, the Group delivers a complete range of services which also include programs development on demand, training courses for operators, design of production lines and plants, and wide technical support.

For more information visit www.prodelecgroup.com

Except for historical information, the matters discussed in this press release are forward-looking statements that are subject to certain risks and uncertainties which could cause the actual results to differ materially from those projected, including industry trends, the timing and strength of product and service offerings, changes in business or pricing strategies, changes in the prevailing political and regulatory framework in which the relevant parties operate or in economic or technological trends or conditions, including currency fluctuations, inflation and consumer confidence, on a global, regional or national basis and other risks detailed from time to time in the Company’s SEC reports. The Company assumes no obligation to update the information in this press release.

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