Rofin-Sinar
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| Type | Public - NASDAQ:RSTI |
|---|---|
| Industry | Machine Tool Manufacturing |
| Founded | 1975 |
| Area served | Solar, Laser |
| Employees | 1,750 |
| Website | Official Website |
ROFIN-SINAR Technologies Inc. is a German company based in Hamburg, that develops, manufactures and sells laser sources and laser-based solutions for industrial material processing.
Since 1996, ROFIN-SINAR Technologies’ shares have traded on the NASDAQ Stock Exchange. In addition, in July 2001, RSTI was listed on the German "Prime Standard" segment of the Frankfurt Stock Exchange under the ISIN US7750431022.
With its wide range of laser sources, including CO2 lasers, fiber lasers, solid-state, diode and various q-switch lasers, ROFIN is one of the market leaders in laser technology worldwide.[citation needed] With its sales and service teams in 40 countries, the company offers worldwide support for about 3,000 customers with over 33,000 installed laser systems.[citation needed]
[edit] History
The company was founded 1975 in Hamburg, Germany as “SINAR Laser Systeme Verkaufsgesellschaft mbH”. Sinar is the Sanskrit for “beam of light”, but this name was already used by another Swiss company. By taking over the British enterprise Rofin, the company changed its name to ROFIN-SINAR Laser GmbH.[citation needed]
In the beginning of the 1980s, ROFIN started the development and production of its own lasers in Hamburg. ROFIN first entered the Japanese market by establishing a joint venture with the Japanese company Marubeni. In 1987, ROFIN-SINAR became a wholly owned subsidiary of Siemens AG. Siemens completed the venture in 1988 with the acquisition of the industrial laser category of Spectra Physics Inc., USA and the German laser marking company Laser-Optronic GmbH.[citation needed]
Being the first 100% corporate spin-off of Siemens,[citation needed] ROFIN went public and was listed on the NASDAQ Stock Exchange under the symbol “RSTI” in 1996. Since July 2001, the company is listed in Germany on the "Prime Standard" segment of the Frankfurt Stock Exchange as well.[citation needed] From March 2004 to March 2010, ROFIN figured on the TecDAX sampling index.[citation needed]
In the fiscal year 2009, the company generated a turnover of $359.6 million US $, which represented a 39% decrease in revenues compared to the prior year. Total gross profit for the twelve month period amounted to 131.2 million and net income was $ 9.2 million.[citation needed]
