FEI Buys the Assets of Its Korean Agent
HILLSBORO, Ore., — FEI Company (Nasdaq:FEIC), a leading instrumentation company providing imaging and analysis systems for research and industry, today announced that it has purchased certain assets of AP Tech of Suwon, South Korea for $12 million. AP Tech has over 40 employees primarily engaged in sales and service and has been FEI’s agent in Korea for over 10 years. AP Tech has helped to make Korea one of FEI’s major geographic markets, with over $60 million in product revenue in 2011. In addition, AP Tech had incremental service and spare parts revenue related to FEI products in 2011. FEI expects the acquisition to be slightly accretive to earnings per share in the second half of 2012.
“This transition from an agent sales and service model to a direct presence in Korea is a natural evolution that fits both FEI’s strategic objectives as well as the plans of AP Tech management,” noted Benjamin Loh, executive vice president, global business operations of FEI. “Our success in Korea has been an important part of our growth in Asia in recent years. We look forward to developing even closer relationships with our important Korean customers.”
“We have been proud of our successful association with FEI for many years,” commented H.Y. Lee, president of AP Tech. “I and my team look forward to building the business further and even closer integration with the company’s worldwide operations.”
About FEI
FEI (Nasdaq:FEIC) is a leading diversified scientific instruments company. It is a premier provider of electron- and ion-beam microscopes and solutions for nanoscale applications across many industries: industrial and academic materials research, life sciences, semiconductors, data storage, natural resources and more. With more than 60 years of technological innovation and leadership, FEI has set the performance standard in transmission electron microscopes (TEM), scanning electron microscopes (SEM) and DualBeams™, which combine a SEM with a focused ion beam (FIB). Headquartered in Hillsboro, Ore., USA, FEI has over 2,300 employees and sales and service operations in more than 50 countries around the world. More information can be found at: www.fei.com.

