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SYRACUSE, N.Y. & ZURICH, Switzerland--(BUSINESS WIRE)--Feb. 28, 2006--INFICON (SWX Swiss Exchange: IFCN), a leading manufacturer of instrumentation and process control software for the semiconductor and vacuum-coating industries and other industrial applications, has acquired substantial assets of Electro Dynamics Crystal Corp. (EDC), a premier manufacturer of quartz-based products.
Lukas Winkler, president and chief executive officer, commented, "Increasing demand for displays for mobile phones, computers, digital cameras and other consumer electronics, as well as wireless communications and other technologies, demonstrates we can expect increasing demand for high quality, competitively priced quartz-based products. Our acquisition of EDC will boost our position in the optical coating and display markets, already an important area for INFICON.
"The acquisition, which will be accretive for the fiscal year 2006, provides INFICON with a significant competitive advantage through supply chain vertical integration. We will now manufacture and sell the quartz crystal resonators that are essential to the manufacture of quartz crystal products used in thin film monitoring and control instruments. We will also offer a complete line of oscillator products for telecommunications networks, wireless products and electronic testing equipment.
"We are excited about our acquisition of EDC not only because of the potential for expanding our position in this important market but also because of our shared business philosophy. EDC has served as an excellent supplier to INFICON for many years, and we know first-hand that our two companies are aligned in our emphasis on providing superior products and service to our customers."
Founded in 1963, EDC is located in Overland Park, Kansas and has approximately 60 employees. Tim Abbott, previously president of EDC, will be president of INFICON EDC Inc.