NanoWorld Holding AG Goes East with Acquisition of

M. Roessger writes "Schaffhausen/Switzerland, April 15th, 2005

NanoWorld Holding AG announced that it has acquired 100% of Bulgarian based Innovative Solutions Bulgaria Ltd. (ISB) with its AFM Probes division BudgetSensorsô on April 1, 2005.

More… "NanoWorld Holding AG with its brands NanoWorldô and NANOSENSORSô 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 BudgetSensorsô we get access to the lower price segment of the AFM probes market which is by far the fastest growing segment in this field", said Manfred Detterbeck, CEO of NanoWorld Holding AG. "The acquisition is also expected to result in greater efficiency and in a significantly increased overall market share." added Detterbeck.

"Our ëQuality meets priceí 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 faster", said Kamen Nikolov, CEO of Innovative Solutions Bulgaria Ltd. (ISB). "Additionally", Mr. Nikolov stated, "our boosted financial resources will help us to market our products and services more aggressively on a world-wide basis."

Not only ISBís AFM probes division BudgetSensorsô but also the other business areas Print & Design and Web & Programming are profitable and show high growth rates.

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