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Arma Partners advises SPI Lasers plc on its $50 million proposed acquisition by TRUMPF GmbH + Co. KG


Arma Partners is pleased to announce that it acted as financial advisor to SPI Lasers plc (AIM: SPIL), including the provision of independent advice to the Board as required by Rule 3 of the City Code, in relation to the recommended cash offer to acquire SPI Lasers, made by TRUMPF GmbH + Co. KG.

The recommended cash offer of 40 pence per SPI Lasers share values the entire issued and to be issued share capital of SPI Lasers at £27.8 million, and represents a premium of approximately 33 per cent. to the closing price per SPI Lasers share on 8 September 2008, and a premium of approximately 29 per cent. to the average closing price of 31 pence per SPI Lasers share for the six month period prior to the date of the announcement.

SPI Lasers is a leading designer and manufacturer of optical fiber-based lasers for use in materials processing applications in a wide range of industries. Headquartered in Southampton, United Kingdom, SPI Lasers has been operating since 2000 and its shares were admitted to trading on AIM in October 2005. SPI Lasers sells its products globally, and has its major business operations, including research and development and manufacturing, in the United Kingdom, with additional sales and customer support locations in Asia and North America. For the financial year ended 31 December 2007, SPI Lasers reported revenues of approximately £13.0 million (2006: £7.1 million) and a loss before taxation of approximately £12.7 million (2006: £11.3 million).

TRUMPF is one of the world’s leading companies in production technology, offering high-quality laser-based products and solutions for materials processing applications based upon a range of different types of laser sources. For the year ended 30 June 2007, TRUMPF reported revenues of €1.94 billion.

More information on the deal can be found at: http://www.armapartners.com/news


Publisher Contact Information:

Arma Partners LLP
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ANews@armapartners.com

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