-----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, Ix2YrUpcQUzmZZaU3Oq/X1YIcGLzPA1Aj/ft9xbD7sz1w3pLZScu0DVKnbMJhG9j GcC9abmDej3WqzkKE5ECpQ== 0001104659-06-060578.txt : 20060912 0001104659-06-060578.hdr.sgml : 20060912 20060912124127 ACCESSION NUMBER: 0001104659-06-060578 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20060906 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: 20060912 DATE AS OF CHANGE: 20060912 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: 061085870 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 a06-19535_18k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

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): September 6, 2006

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 September 6, 2006, our indirect subsidiary Bruker AXS GmbH (“BAXS”) acquired all of the capital stock of Quantron GmbH, an optical emission spectrometry company based in Kleve, Germany (“Quantron”), in accordance with the terms of a stock purchase agreement, executed on September 6, 2006, by and among BAXS, Quantron, and the stockholders of Quantron (the “Sellers”) (the “Stock Purchase Agreement”).  In accordance with the Stock Purchase Agreement, at the closing, BAXS paid an aggregate of €5.10 million of consideration to the Sellers, of which approximately €4.08 million was paid in cash and approximately €1.03 million was paid in the issuance of an aggregate of 202,223 restricted unregistered shares of Bruker BioSciences Corporation (the “Company”) common stock, par value $0.01 per share, to Quantron’s two largest shareholders, Mr. Friedhoff and Mr. Schulte.

As a result of the acquisition, Quantron became a wholly-owned subsidiary of BAXS.  In connection with the acquisition, BAXS assumed approximately €0.6 million of Quantron’s debt.  Pursuant to the earn-out provisions of the Stock Purchase Agreement, up to an aggregate of €3.80 million of additional cash consideration may be paid the Sellers based on the performance of Quantron in the following periods:  July 1, 2006 to June 30, 2007, July 1, 2007 to June 30, 2008, and July 1, 2008 to June 30, 2009.  In accordance with the terms of the Stock Purchase Agreement, Mr. Friedhoff will receive an additional payment of €1.10 million at the end of fiscal year 2007.  Other than the Stock Purchase Agreement and the transactions contemplated thereby, there is no relationship between BAXS 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 reference to the terms and conditions of the Stock Purchase Agreement, which will be filed by the Company as an exhibit to the Company’s quarterly report on Form 10-Q for the quarter ending September 30, 2006.  A copy of the press release issued by the Company on September 8, 2006, regarding the completion of the acquisition, is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

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 issued an aggregate of 202,223 restricted unregistered shares of the Company’s common stock to Quantron’s two largest shareholders.  The issuance of these securities was 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 Quantron 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.

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

Exhibit No.           Description of Exhibit

    99.1                         Press Release dated September 8, 2006.

1




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: September 12, 2006

By:

/s/ Frank H. Laukien

 

 

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

 

2




Exhibit Index

Exhibit
Number

 

Exhibit Name

 

 

 

99.1

 

Press Release dated September 8, 2006.

 


 

3



EX-99.1 2 a06-19535_1ex99d1.htm EX-99

Exhibit   99.1

Bruker AXS Announces Acquisition of Quantron GmbH, a Metals Analysis Company with High-Performance Spark-OES Technology

Acquisition Further Strengthens the Industrial Analysis Business of Bruker AXS

KARLSRUHE and KLEVE, Germany — September 8, 2006 —  Bruker AXS GmbH today announces that it has acquired all of the equity of privately-held Quantron GmbH from Quantron’s founders.  The stock purchase agreement for Quantron was signed and the transaction was closed simultaneously on September 6, 2006.

Quantron GmbH, located in Kleve, Germany, develops, manufactures and distributes worldwide advanced arc/spark optical emission spectroscopy (OES) systems for numerous metals analysis applications, including:

· ferrous and non-ferrous foundries,
· primary metal production (steel plants, aluminium, copper, etc.),
· metal processing & machining industries (diecasting, forging, rolling mills, etc.),
· suppliers of metal products to automotive industries,
· premium metal trading companies, scrap dealers, recycling,
· RoHS-compliant lead-free applications for electronics industry,
· contract laboratories with metallurgical services,
· special applications in extraction and mining of precious metals,
 incoming metal inspections & quality control, and
· automatic analysis system solutions for foundries and steelworks;

Quantron Magellan™ high-
performance spark-OES system

The arc/spark OES market has been growing significantly in recent years, with an estimated total market size of $150-200 million in 2006.  Since its inception, Quantron has grown very rapidly to an annual revenue run-rate greater than $6 million.

 

Quantron was established in June 2002 by a dedicated group of founders with many years of extensive experience in the spark-OES metals analysis markets.  Quantron’s main shareholder was Mr. Paul Friedhoff, the former founder and CEO of Spectro A.I. GmbH, and a well-known pioneer in the world of spark-OES.  Mr. Friedhoff will continue to lead the business as Managing Director and Executive Chairman.

 

After the acquisition, Bruker-Quantron GmbH will remain and expand in its Kleve location in order to provide leading stationary and mobile OES systems.  Bruker AXS will contribute its global distribution, demonstration and service capabilities, as well as R&D and operating management assistance, to further accelerate the growth and profitability of Bruker-Quantron.  The majority of the successful distributors of Quantron will be retained, and will benefit from support by additional regional Bruker AXS spark-OES applications and service centers worldwide.




Paul Friedhoff, now Managing Director and Executive Chairman of Bruker-Quantron, commented: “The speed with which Quantron has been growing in the past two years shows that we started with the right team and the right product ideas.  In order to maintain this rapid growth, we have been looking for a complementary and competent strategic partner.  With Bruker AXS we have found a company from the same industry that can positively contribute to every aspect of Quantron’s business activities.  The Bruker management has developed an in-depth understanding of Quantron’s fundamental interests and requirements, and we share the same philosophies of quality and excellence.  Our goal is long-term success with a growing product line.  We want to become a leader in the field of optical emission spectroscopy.”

Frank Laukien, President of Bruker AXS, commented: “We are very excited to have Paul Friedhoff and the very capable Quantron team, with their excellent track record of success, join us to add in-depth metals analysis experience to Bruker AXS.  We are impressed by their advanced, yet robust spark-OES technology.  Quantron has developed a strong distribution system in the metals industry, particularly in many parts of Asia.  The Quantron spark-OES systems and technology are very complementary to our existing stationary X-ray fluorescence (XRF) systems for metal foundries, as well as to our new handheld XRF product line.  This acquisition will further strengthen the industrial analysis business of Bruker AXS.”

ABOUT BRUKER BIOSCIENCES (NASDAQ: BRKR)

Bruker BioSciences Corporation in Billerica, Massachusetts is the parent company of Bruker AXS Inc., Bruker Daltonics Inc. and Bruker Optics, Inc.  Bruker AXS is a leading developer and provider of life science, materials research and industrial X-ray analysis tools.  Bruker Daltonics is a leading developer and provider of innovative life science tools based on mass spectrometry, and also offers a broad line of nuclear, biological and chemical (NBC) detection products for homeland security.  Bruker Optics is a leading developer, manufacturer and provider of research, analytical and process analysis instruments and solutions based on infrared and Raman molecular spectroscopy technology.  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 respective annual reports on Form 10-K, 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, Investor Relations Officer

 

Tel: +1 (978) 663-3660, ext. 1411

 

Email: ir@bruker-biosciences.com

 



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