Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > D Mecatronics Inc. Issues Acquisition Update

Abstract:
D Mecatronics Inc. (Pink Sheets:DMTN) is pleased to announce that the negotiations continue with the Investment Banking Group and the process is moving forward pending the continued due diligence process by both parties.

D Mecatronics Inc. Issues Acquisition Update

MISSISSAUGA, Ontario, Canada | Posted on October 10th, 2007

At this time the current offer is for a complete purchase of the company for $120 million USD. This offer is being reviewed by the board of directors of both companies.

Given the fact that new market opportunities have just recently been opened to D Mecatronics not only in the automotive industry but also in the Medical Device manufacturing industry, the Board of Directors of D Mecatronics feel that it is very critical to review all opportunities that exist for the company. The medical device industry in the U.S. was estimated in excess of $86 billion in 2006. This does not include the nanotechnology, drug delivery or combination products.

Bernardino Paolucci, CEO of D Mecatronics Inc. adds: "This new market opportunity that has recently been presented to us has changed the dynamics of our company and has opened up several new opportunities for us to pursue new and exciting lines of business that until very recently were not part of our business plan. We are very confident that given these new market opportunities combined with our existing expertise in the automotive industry will allow us to maximize shareholder value and ultimately our shareholders will decide on the final valuation to be put on the company."

####

About D Mecatronics Inc.
D Mecatronics Inc. supplies components, integrated systems and robotic modules to the world's top ten automotive suppliers. Through independent subsidiaries the Company offers sector and technology specific solutions to enable our customers to dramatically accelerate time-to-market and revenue.

To date, the Company's primary activities include design, build and installation of tube-related automated systems used by automotive parts and assembly suppliers. The Company is currently offering products such as Seat Frame Systems, IP Tube systems and Integrated Bend-Weld Systems for the automotive industry.

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the Company's products, increased levels of competition for the Company, new products and technological changes, the Company's dependence on third-party suppliers, and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

For more information, please click here

Contacts:
D Mecatronics Inc.
Dino Jr. Paolucci, Director of Public Relations
(905) 672-7669
Cell: (905) 399-9814

Copyright © PrimeNewswire

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Announcements

Cryo-electron microscopy achieves unprecedented resolution using new computational methods March 25th, 2017

Argon is not the 'dope' for metallic hydrogen March 24th, 2017

Promising results obtained with a new electrocatalyst that reduces the need for platinum: Researchers from Aalto University have succeeded in manufacturing electrocatalysts used for storing electric energy with one-hundredth of the amount of platinum that is usually needed March 24th, 2017

Artificial photosynthesis steps into the light: Rice University lab turns transition metals into practical catalyst for solar, other applications March 23rd, 2017

Automotive/Transportation

Promising results obtained with a new electrocatalyst that reduces the need for platinum: Researchers from Aalto University have succeeded in manufacturing electrocatalysts used for storing electric energy with one-hundredth of the amount of platinum that is usually needed March 24th, 2017

CRMGroup in Belgium uses a Deben three point bending stage in the development of new steel & coated steel products for automotive and other industrial applications March 21st, 2017

New nanofiber marks important step in next generation battery development March 14th, 2017

TriboTEX Uses Nanotechnology to Improve the Efficiency of Old Vehicles March 13th, 2017

Acquisitions/Mergers/Splits

Bruker Announces Acquisition of Nanoindenting Leader Hysitron: Acquisition strengthens Brukerís leading position in nanoanalysis and nanomechanical materials characterization January 24th, 2017

GLOBALFOUNDRIES Completes Acquisition of IBM Microelectronics Business: Transaction adds differentiating technologies, world-class technologists, and intellectual property July 1st, 2015

Entest BioMedical, Inc. in Discussions to Acquire Nanotechnology Delivery System for Cancer Therapy June 3rd, 2015

Evident Thermoelectrics Acquires GMZ Energy: Investment Accelerates Launch Of Evident's Thermoelectric Modules For Waste Heat May 20th, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More











ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project