Acquisition of PCT Engineered Systems LLC by COMET
Flamatt, (Switzerland) and Davenport, IA (USA), April 27, 2015 – In order to rapidly expand market access and the product portfolio for their innovative ebeam technology, the COMET Group signed a purchase agreement on April 26, 2015 with the system integrator PCT Engineered Systems LLC, based in Davenport, Iowa, USA. COMET will thus become a vertically integrated powerhouse for low-energy ebeam technology. The parties agreed not to disclose the value of the transaction. The acquisition of PCT Engineered Systems provides the COMET Group with direct access to the ebeam end-user market and in one shot also allows the group to expand its ebeam product portfolio.
The COMET Group is one of the world’s leading vendors of x-ray, radio frequency (RF) and e-beam technology. With high-quality components, systems and services, the Group helps its customers maximize the quality, reliability and efficiency of their products and processes. COMET AG was founded in 1948. Based in Flamatt, Switzerland, the Group has a presence in all world markets. Under the COMET brand, the company builds high-quality, high-tech components and modules, such as x-ray sources, vacuum capacitors, RF generators and impedance matching networks. These products are in demand by manufacturers in the automotive, aerospace, semiconductor and solar industries as well as in airport security applications. Under its “ebeam” brand, the Group offers very compact, powerful ebeam sets currently used especially in the non-contact sterilization of beverage packaging.
The US-based company, PCT Engineered Systems LLC, with headquarters in Davenport, Iowa, was founded in 1986 by Terry Thompson and two other partners. With about 85 employees in North America, the company is now a successful player in the market for electron beam equipped systems. COMET has been working closely with the firm for the last five years and in 2014, the two companies developed an ebeam-equipped system for the functionalization of polymer films and the curing of inks and coatings. COMET will retain all 85 employees. Terry Thompson will continue to manage PCT Engineered Systems LLC as General Manager.
Additional information about COMET can be found at http://www.comet-group.com .