Ibsen Photonics acquired by FOSS

Press release – Copenhagen, August 23rd, 2010

Ibsen Photonics A/S and FOSS A/S today announced that FOSS has become main shareholder in Ibsen Photonics through a purchase of additional 73% Ibsen Photonics shares from existing shareholders. FOSS now owns around 85% of the shares in Ibsen. The investment reflects a growing partnership over the last years between the two companies.

Kim Vejlby Hansen, Executive VP Innovation & Quality at FOSS and Chairman at Ibsen, explains: “We have worked with Ibsen for some years now and have found their spectrometer solutions to be second-to-none. This is partly based on exceptional grating technology and optical design know-how, and partly based on Ibsen’s unique resolve to collaborate with their customers to find win-win solutions. We are confident that Ibsen has the necessary backing to grow the business and be a profitable investment for FOSS.”

FOSS is using Ibsen’s products in their analytical instruments and, by becoming main shareholder, FOSS secures the continued supply of high quality spectrometers.

“We at Ibsen see this deal as proof that superior technology combined with customer support and collaboration is the right approach to securing a long-term, profitable growth,” says Torben Jacobsen, President and CEO of Ibsen, adding: “with the backing of the FOSS group we have the muscle to further develop all our businesses – gratings, interrogation monitors and spectrometers – to support all our customers worldwide with our usual dedication.”

About Ibsen Photonics
Ibsen Photonics is a global leader in holographic, fused silica transmission gratings and spectrometer modules for a wide range of telecom, analytical, sensing and laser markets. Ibsen Photonics is privately owned with FOSS holding 85 % of the shares. The headquarters is in Farum, Denmark. For more information about Ibsen Photonics please visit www.ibsenphotonics.com

About FOSS
The family-owned FOSS company is the world’s leading supplier of dedicated analytical solutions that ensure optimal quality and production of food, agricultural, pharmaceutical and chemical products. FOSS solutions analyse and control products during production – helping to optimise both quality and profit. FOSS has manufacturing and research and development facilities in Denmark, Sweden and the USA with headquarters in Hillerød, Denmark. Solutions are sold and supported through 25 FOSS sales and service companies in Europe, North America, South America, Asia and the Pacific Region as well as through an extensive global network of distributors. Today, FOSS employs 1155 staff. Read more on www.foss.dk

For additional information regarding this press release please contact:

Torben Jacobsen
President and CEO, Ibsen Photonics
Telephone: +45 4434 7002
Email: Torben.Jacobsen@ibsen.dk

Kim Vejlby Hansen
Executive VP Innovation & Quality, FOSS
Phone: +45 4820 8500
Email: kvh@foss.dk

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