(PRWEB) April 16, 2005
NanoWorld Holding AG announced that it has acquired 100 % of Bulgarian based Innovative Solutions Bulgaria Ltd. (ISB) with its AFM Probes division BudgetSensorsÂ on April 1, 2005.
ÂNanoWorld Holding AG with its brands NanoWorldÂ and NANOSENSORSÂ was already prominently represented in the high quality segment of the market for probes for Atomic Force Microscopes (AFM). Now with ISB and its budget-friendly brand BudgetSensorsÂ we get access to the lower price segment of the AFM probes market which is by far the fastest growing segment in this fieldÂ, said Manfred Detterbeck, CEO of NanoWorld Holding AG. ÂThe acquisition is also expected to result in greater efficiency and in a significantly increased overall market share.Â added Detterbeck.
ÂOur ÂQuality meets priceÂ concept in combination with the high growth potential in the lower price segment and the strong financial background of NanoWorld Holding AG will enable us to achieve leadership in our market segment even fasterÂ, said Kamen Nikolov, CEO of Innovative Solutions Bulgaria Ltd. (ISB). ÂAdditionallyÂ, Mr. Nikolov stated, Âour boosted financial resources will help us to market our products and services more aggressively on a world-wide basis.Â
Not only ISBÂs AFM probes division BudgetSensorsÂ but also the other business areas Print & Design and Web & Programming are profitable and show high growth rates.
About Innovative Solutions Bulgaria Ltd.:
Established in 2001 and located in the Bulgarian capital Sofia, Innovative Solutions Bulgaria Ltd. offers a variety of products and services within its three divisions AFM Probes, Print & Design and Web & Programming.
The AFM Probe division manufactures and sells probes and accessories for Atomic Force Microscopes under the trade name of BudgetSensorsÂ used by the most advanced R&D institutions worldwide. The Atomic Force Microscope (AFM) is one of the most important instruments for the Nanotechnology industry and research.
The Print & Design and Web & Programming divisions offer solutions for corporate design, presentation and promotion materials.
About NanoWorld Holding AG:
The NanoWorld Holding AG is a purely financial holding company and does not conduct operational business.
The present key activities of the associated companies are concentrated on the development, production and commercialization of consumables for Atomic Force Microscopes (AFM) namely AFM probes or tips for Scanning Probe Microscopes (SPM) that are used for research in nanotechnology.
Central functions fulfilled by the holding include access to capital markets and steering the group strategically, thus relieving the groupÂs units, allowing them to concentrate on their customer related activity.