FOR IMMEDIATE RELEASE
Corum Leads Sale of Albat+ Wirsam Software AG to Glaston Corporation
ZURICH, Switzerland, July 12, 2007 Corum Group International, the premier provider of merger and acquisition services to software and information technology companies worldwide, is pleased to announce the acquisition of its client, Albat+ Wirsam Software AG, a German-based developer of production management software for glass processing, by Glaston Corporation, a Finland-based international glass technology company.
This acquisition is in line with our strategy and strengthens Glastons market leadership and One-Stop-Partner service concept, said Glastons president and CEO, Mika Seitovirta. With this acquisition, we gain a significant position in production management software for glass processing. Production management software solutions are increasingly requested by customers as software is the glue that ties all the production machinery together in an efficient way.
Miro Parizek, managing director of Corum Group International adds: this transaction is clearly a very synergistic deal in which Glaston extends the functionality of its flatglass machinery to create end-to-end solutions for its customers, while bringing Albat+ Wirsam access to a larger global customer base.
About Glaston Corporation
Glaston Corporation, previously trading as Kyro Corporation, is a growing, financially solid international glass technology company. Its product range and service network are the widest in the industry. Glastons well-known brands are Bavelloni in pre-processing machines and tools, Tamglass and Uniglass in safety glass machines. Glastons own glass processing unit, Tamglass Glass Processing, is a local Finnish supplier of high quality safety glass products. Glaston (GLA1V) is listed on the Helsinki Stock Exchanges (OMX) Mid Cap list. For more information, visit www.glaston.net.
About Albat + Wirsam Software AG Group
A+W Group, headquartered in Linden, Germany, is the market leader for overall software solutions for the flatglass industry. A+W offers customer-oriented solutions for the most varied and complex production needs, encompassing production planning, control and optimization as well as individually tailored ERP and commercial systems, bar-coding and CAD solutions. For more information, visit www.a-w.de.
About Corum Group
Corum Group is the premier provider of M&A services to software and information technology companies worldwide. With 11 offices globally, Corum has completed over €5 billion in transactions in 15 countries during its over 20-year history, and publishes the software industrys most widely distributed M&A research. Corum operates with highly experienced former CEOs, who are supported by the industrys leading researchers, writers and valuators. The company has spent more than US$20 million to build the worlds largest database of technology companies worldwide (with over 70,000 contacts) to help ensure unparalleled success in client engagements. For more information, visit www.corumgroup.com.
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