ALTER TECHNOLOGY Acquires the Company OPTOCAP

ALTER TECHNOLOGY announced today that it has agreed to acquire the British organization OPTOCAP Ltd., a highly reputed company in the field of optoelectronics, microelectronics and MEMS packaging design and assembly services.

OPTOCAP will become an integral part of ALTER TECHNOLOGY TÜV NORD which represents the Aerospace Business Unit in the multinational engineering TUV NORD GROUP.

Dr. Guido Rettig, TÜV NORD GROUP CEO said: “We are delighted to make this acquisition. This will strengthen our position in the Aerospace market and is a valuable contribution to our group.”

Luis Gómez, ALTER TECHNOLOGY CEO, noted: “By combining the portfolios of these two companies, ALTER TECHNOLOGY will serve its customers with a broader suite of solutions, services and support. Concurrently, OPTOCAP customers will benefit from the privileged access to ALTER TECHNOLOGY’s complementary portfolio of services with a robust global network of world-class companies, partners, and practices.

We see the UK market as an important and strategic market to ALTER TECHNOLOGY amongst others, and have made this significant investment in the UK to underline our commitment to support our UK Aerospace customers, the UK Space Agency, and our other important customers in the UK industry and harsh environment segments in being able to provide a much wider range of services and solutions.

We are glad to make this acquisition and I am pleased that the OPTOCAP team is joining us.”

David Ruxton, CEO of OPTOCAP Ltd., added: “The addition of the ALTER TECHNOLOGY team, global leader in the components high reliability field, to the strength of the OPTOCAP team, will help us to accelerate our expansion in this growing business. We see immediate opportunities to apply the combined technical capabilities to provide enhanced offerings to our joint customers. This is an exciting opportunity for both companies”.

With the addition of OPTOCAP, the ALTER TECHNOLOGY Group consists now of four companies (ALTER TECHNOLOGY in Spain, HIREX ENGINEERING in France, OPTOCAP Ltd. in Scotland – UK, and TOP REL Srl. in Italy), and more than 200 employees, mainly BSc and PhD. in Electronics and Physics, as well as technical experts in semiconductors and optoelectronics.