Parsytec AG has been sold to ISRA VISION AG
On July 23, 2007 Falk Dietrich Kübler, the main majority shareholder of Parsytec AG (“Parsytec”), sold shares amounting to 48.6 percent, valued at EUR 5.65 per share to also publicly listed ISRA Vision AG. Over the coming weeks, ISRA Vision AG will submit a mandatory offer of the same price to the diverse shareholders. The price offered values Parsytec at EUR 35m.
Parsytec is a leading provider of surface inspection systems for the steel and paper industry. All 10 of the Top 10 steel producers and 15 of the Top 20 paper manufacturers use Parsytec products. The company is headquartered in Aachen and has subsidiaries North America, Korea and China.
The successful closing of this deal is the 12th transaction with a German target company and/or seller for Lincoln International AG for the current business year of 2007.
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