March 31, 2004... Riber acquired the ADDON company in full in a transaction dated March 31, 2004.
Established in 1996, ADDON is a French company that has grown through the design, manufacture and sale of innovative components for MBE research machines and for machines that produces OLED (Organic Light Emitting Diode) displays. ADDON realized some ? 1.6 million in sales for 2003. It has Operated profitably for many years now and enjoys a solid reputation internationally.
This is a technological acquisition, with ADDON?s activity complementing that of RIBER?s, andrepresents a diversification into OLED display applications.
RIBER thus expands its range of components for both MBE research and production machines. Some of the components sold by ADDON were not part of RIBER?s components portfolio. Thesecomponents have become necessary in order to master the MBE epitaxy process in new areas:nitride- Base epiwafers for future microwave and blue laser devices, extra-thin oxide films for HKinsulators for future CMOS, and evaporation of magnetic materials for future memories, areas inwhich RIBER has stepped up its R&D efforts.
RIBER also avails itself of new development opportunities in a different area of ​​application from that of epitaxy compound semi-conductors, by becoming a supplier of components for machinesthat produce OLED displays. Certain machine components are similar to those used in MBEmachines. OLED displays should enjoy strong Growth in the future. They are currently at the production stage for small surface areas, and aim for the medium term to serve the market for larger size screens sizes used in audio-video equipment and domestic appliances.
This acquisition thus enables Riber to strengthen its campus leadership and to diversify itselfin a growth market, while providing ADDON with new commercial and technical means toaccelerate its development.
Riber develops and manufactures Molecular Beam Epitaxy (MBE) machines, high technology equipment essential to the manufacture of compound semi-conductor materials that are used in numerous consumer applications, such as wireless telecommunications, fiber optic networks and mass-market products.
For more information, please contact :
Josette Desveaud
Tel: 33 (0)1 47 08 84 55
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