-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DrnoHZH3jOmCqy235DK9XpLN8ArTFRjxH2U7jdEs7xODXtirRCu7U/uaQ8xFZrmS dH1BiGZXGRbmbfpQzlJMWA== 0001104659-05-048566.txt : 20051014 0001104659-05-048566.hdr.sgml : 20051014 20051014161846 ACCESSION NUMBER: 0001104659-05-048566 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051010 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051014 DATE AS OF CHANGE: 20051014 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRUKER BIOSCIENCES CORP CENTRAL INDEX KEY: 0001109354 STANDARD INDUSTRIAL CLASSIFICATION: LABORATORY ANALYTICAL INSTRUMENTS [3826] IRS NUMBER: 043110160 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-30833 FILM NUMBER: 051139148 BUSINESS ADDRESS: STREET 1: 40 MANNING RD CITY: BILLERICA STATE: MA ZIP: 01821 MAIL ADDRESS: STREET 1: 40 MANNING RD CITY: BILLERICA STATE: MA ZIP: 01821 FORMER COMPANY: FORMER CONFORMED NAME: BRUKER DALTONICS INC DATE OF NAME CHANGE: 20000315 8-K 1 a05-17636_18k.htm 8-K

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 


 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 OR 15(d)
of the Securities Exchange Act of 1934

 


 

Date of Report (Date of earliest event reported): October 10, 2005

 

BRUKER BIOSCIENCES CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

 

000-30833

 

04-3110160

(State or other jurisdiction

 

(Commission

 

(IRS Employer

of incorporation)

 

File Number)

 

Identification No.)

 

40 Manning Road
Billerica, MA 01821
(Address of principal executive offices)(Zip Code)

 

Registrant’s telephone number, including area code: (978) 663-3660

 

Check the appropriate box if the Form 8-K filing is intended to simultaneously satisfy the reporting obligation of the registrant under any of the following provisions:

 

o                                    Written communications pursuant to Rule 425 under the Securities Act

o                                    Soliciting material pursuant to Rule 14a-12 of the Exchange Act

o                                    Pre-commencement communications pursuant to Rule 14d-2(b) Exchange Act

o                                    Pre-commencement communications pursuant to Rule 13e-4(c) Exchange Act

 

 



 

Item 1.01  Entry into a Material Definitive Agreement.

 

On October 10, 2005, we, the registrant (the “Company”), and our indirect subsidiary Bruker AXS GmbH (“BAXS”) executed a binding agreement to acquire all of the capital stock of Röntec AG (“Röntec”), a broad-based X-ray analysis instrumentation company based in Berlin, Germany (the “Stock Purchase Agreement”).  At the closing, which is expected to occur in the fourth quarter of 2005, BAXS will pay €1.5 million of cash to satisfy Röntec’s outstanding debt and €3.1 million of consideration to Röntec’s shareholders, of which approximately €750,000 will be paid to Röntec’s management, employee and consultant shareholders through the issuance of restricted shares of the Company’s common stock, par value $0.01 per share (“Restricted Shares”), and the remainder of which shall be paid in cash to Röntec’s shareholders.  Pursuant to the earn-out provisions of the Stock Purchase Agreement, up to €1.61 million of additional consideration, which will consist of a combination of 50% cash and 50% Restricted Shares, may be paid to Röntec’s management, employee and consultant shareholders based on the 2006 and 2007 performance of Röntec (the “Earn-out”).  We also have an option to pay the Earn-out 100% in cash.  Other than the Stock Purchase Agreement and the transactions contemplated thereby, there is no relationship between the Company and its affiliates and any other party to the Stock Purchase Agreement.

 

The foregoing description of the Stock Purchase Agreement is qualified in its entirety by the terms and conditions of Stock Purchase Agreement, which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for period ending September 30, 2005, with portions omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.

 

Item 3.02. Unregistered Sales of Equity Securities

 

Pursuant to the Stock Purchase Agreement described above in Item 1.01 of this current report, which disclosure is incorporated herein by reference, the Company will issue Restricted Shares to Röntec’s shareholders.  The issuance of these securities will be in reliance on the exemption from registration provided by Section 4(2) of the Securities Act of 1933.  Based upon the small number of holders of Röntec capital stock receiving restricted shares of the Company’s common stock, their financial position and sophistication and the absence of any general solicitation, the transaction was determined not to involve any public offering.

 

Item 9.01.  Financial Statements and Exhibits.

 

(c)                                  Exhibits.  The following exhibits are filed with this report:

 

Exhibit No.

 

Description of Exhibit

 

 

 

99.1

 

Press Release dated October 14, 2005.

 

2



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

BRUKER BIOSCIENCES CORPORATION
(Registrant)

 

 

 Date: October 14, 2005

By:

 

 

 

/s/ Frank H. Laukien, Ph.D.

 

 

Frank H. Laukien, Ph.D.
Chief Executive Officer and President

 

3



 

Exhibit Index

 

Exhibit
Number

 

Exhibit Name

 

 

 

99.1

 

Press Release dated October 14, 2005.

 

4


EX-99.1 2 a05-17636_1ex99d1.htm EX-99.1

Exhibit 99.1

 

Bruker AXS Announces Agreement to Acquire X-Ray Microanalysis Company Roentec AG

 

BERLIN, Germany - October 14, 2005 - Bruker AXS Inc. today announced an agreement to acquire Roentec AG, an X-ray microanalysis instrumentation company with annual revenues of $6-7 million, based in Berlin, Germany. Terms of the transaction were not disclosed, but the acquisition is expected to close in the fourth quarter of 2005.

 

The worldwide X-ray microanalysis market is estimated to be greater than $150 million per year, and Bruker AXS so far has not participated in this market segment. Typical applications of X-ray microanalysis include nanotechnology and advanced materials research with customers in industry, academia and government research facilities.

 

Roentec has developed a technically leading X-ray microanalysis product line with outstanding detector technology, fast acquisition electronics and a comprehensive, user-friendly analysis and quantification software suite.  Roentec also has developed unique mobile systems for the X-ray elemental microanalysis of works of art, as well as transportable Total X-ray Reflection (TXRF) systems for elemental trace analysis in liquids, e.g. for environmental or beverage analysis applications.  Roentec has established good distribution and service capabilities in certain countries, primarily in Europe.

 

Thomas Schuelein, CEO of Roentec AG, stated: “We are excited about this acquisition because we see strong technological and distribution synergies between Roentec and Bruker AXS in the microanalysis market.  Moreover, we believe that Bruker AXS’ global distribution capabilities can also enhance the revenue growth for the novel mobile microXRF and TXRF systems that we have pioneered in recent years. Being part of the international Bruker AXS organization will enable us to offer our customers around the globe enhanced support and service for our innovative, high quality products.”

 

Dr. Frank Burgaezy, Executive Vice President at Bruker AXS, commented: “Roentec has pioneered advanced detector technologies and novel methods for microanalysis, and has a strong customer base in certain geographical markets. However, Roentec has been distribution-limited and at a size disadvantage relative to its larger competitors. We believe that the innovative Roentec technologies and product lines, further enhanced by our technological capabilities, can offer leading performance and comprehensive software capabilities to X-ray microanalysis customers in materials research worldwide.”

 

Background on X-Ray Microanalysis Market

 

The X-ray microanalysis market consists of X-ray accessories for scanning and transmission electron microscopes, as well as of stand-alone micro X-ray fluorescence (XRF) spectrometers.  X-ray microanalysis is considered to be one of the faster growing segments of the overall X-ray analysis market. Bruker AXS, a technology and market leader in X-ray diffraction (XRD) systems for advanced materials and nanotechnology research, in X-ray single crystal diffraction (SCD crystallography) systems for small molecule and protein 3D structural analysis, and in X-ray fluorescence (XRF) elemental analysis for a variety of materials analysis and quality control

 



 

applications, so far has not participated in X-ray microanalysis, which is a fourth important X-ray analysis market segment. For further information, please visit www.bruker-axs.com

 

ABOUT BRUKER BIOSCIENCES (NASDAQ: BRKR)

 

Bruker BioSciences Corporation, headquartered in Billerica, Massachusetts, is the publicly traded parent company of Bruker AXS Inc. and Bruker Daltonics Inc.  Bruker AXS is a leading developer and provider of life science and advanced materials research tools based on X-ray technology.  Bruker Daltonics is a leading developer and provider of innovative life science tools based on mass spectrometry.  For more information, please visit www.bruker-biosciences.com

 

CAUTIONARY STATEMENT OF BRUKER BIOSCIENCES

 

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein are based on current expectations, but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the Company’s reorganization strategies, integration risks, failure of conditions, technological approaches, product development, market acceptance, cost and pricing of the Company’s products, changes in governmental regulations, capital spending and government funding policies, FDA and other regulatory approvals to the extent applicable, competition, the intellectual property of others, patent protection and litigation. These and other factors are identified and described in more detail in our filings with the SEC, including, without limitation, our annual report on Form 10-K for the year ended December 31, 2004, our most recent quarterly reports on Form 10-Q and our current reports on Form 8-K. We disclaim any intent or obligation to update these forward-looking statements.

 

For Further Information:

 

Michael Willett

 

 

Public Relations & Investor Relations Officer

 

 

Tel. (978) 663-3660 ext. 1411

 

 

Michael.Willett@bruker-biosciences.com

 


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