Rofin-Sinar
Encyclopedia
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 laser
s, solid-state, diode and various q-switch lasers, ROFIN is one of the market leaders in laser technology worldwide. 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.
, 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.
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.
Being the first 100% corporate spin-off of Siemens
, 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. From March 2004 to March 2010, ROFIN figured on the TecDAX
sampling index.
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.
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
company based in Hamburg
Hamburg
-History:The first historic name for the city was, according to Claudius Ptolemy's reports, Treva.But the city takes its modern name, Hamburg, from the first permanent building on the site, a castle whose construction was ordered by the Emperor Charlemagne in AD 808...
, that develops, manufactures and sells laser
Laser
A laser is a device that emits light through a process of optical amplification based on the stimulated emission of photons. The term "laser" originated as an acronym for Light Amplification by Stimulated Emission of Radiation...
sources and laser-based solutions for industrial material processing.
Since 1996, ROFIN-SINAR Technologies’ shares have traded on the NASDAQ
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
Stock Exchange. In addition, in July 2001, RSTI was listed on the German "Prime Standard" segment of the Frankfurt Stock Exchange
Frankfurt Stock Exchange
The Frankfurt Stock Exchange is the world's 12th largest stock exchange by market capitalization. Located in Frankfurt am Main, Germany, the Frankfurt Stock Exchange is owned and operated by Deutsche Börse, which also owns the European futures exchange Eurex and the clearing company...
under the ISIN US7750431022.
With its wide range of laser sources, including CO2 lasers, fiber laser
Fiber laser
A fiber laser or fibre laser is a laser in which the active gain medium is an optical fiber doped with rare-earth elements such as erbium, ytterbium, neodymium, dysprosium, praseodymium, and thulium. They are related to doped fiber amplifiers, which provide light amplification without lasing...
s, solid-state, diode and various q-switch lasers, ROFIN is one of the market leaders in laser technology worldwide. 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.
History
The company was founded 1975 in HamburgHamburg
-History:The first historic name for the city was, according to Claudius Ptolemy's reports, Treva.But the city takes its modern name, Hamburg, from the first permanent building on the site, a castle whose construction was ordered by the Emperor Charlemagne in AD 808...
, Germany as “SINAR Laser Systeme Verkaufsgesellschaft mbH”. Sinar is the Sanskrit
Sanskrit
Sanskrit , is a historical Indo-Aryan language and the primary liturgical language of Hinduism, Jainism and Buddhism.Buddhism: besides Pali, see Buddhist Hybrid Sanskrit Today, it is listed as one of the 22 scheduled languages of India and is an official language of the state of Uttarakhand...
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.
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
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
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.
Being the first 100% corporate spin-off of Siemens
Siemens
Siemens may refer toSiemens, a German family name carried by generations of telecommunications industrialists, including:* Werner von Siemens , inventor, founder of Siemens AG...
, 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
Prime Standard
Prime Standard is a market segment of the Frankfurt Stock Exchange that lists German companies which comply with international transparency standards. The requirements are higher than in General Standard which is regulated by law...
" segment of the Frankfurt Stock Exchange as well. From March 2004 to March 2010, ROFIN figured on the TecDAX
TecDAX
The TecDAX stock index tracks the performance of the 30 largest German companies from the technology sector. In terms of order book turnover and market capitalization the companies rank below those included in the DAX.The TecDax was introduced on 24 March 2003...
sampling index.
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
Net income
Net income is the residual income of a firm after adding total revenue and gains and subtracting all expenses and losses for the reporting period. Net income can be distributed among holders of common stock as a dividend or held by the firm as an addition to retained earnings...
was $ 9.2 million.