Avantes Holding B.V. has sold 51% of its shares to the Wedel, Germany based publicly traded company m-u-t AG.

m-u-t AG was founded in 1995 and went public in 2007. The company presently develops and produces high-tech solutions for Laboratory Automation, Spectroscopy, Aviation, and Fire detection. Profit from operations during the first half of 2008 was 857 thousand euro on a turnover of almost 11 million euro. Approximately 170 people are employed. M-u-t AG has its own distribution offices in the main high-tech markets of China, Europe and North America.

The acquisition of Avantes Holding B.V. by m-u-t AG is seen as a strategic alliance between both companies. A lot of synergy between the companies is expected, especially in engineering and worldwide sales.

Distribution of Avantes spectrometers will continue through the existing channels and under the Avantes trade name as before.

About Avantes

Avantes develops and manufactures instruments in the field of Spectroscopy such as: spectrometers, light sources, fiberoptic cables and probes, accessories, and sensor systems. With over 15 years of experience in finding Solutions in Spectroscopy, Avantes continues to produce innovative application solutions in diverse fields such as Industrial, Chemical, Petrochemical, Gemology, Biomedical, Semiconductor, Food, Beverage and Pharma. Avantes World Headquarters is located in The Netherlands and can be contacted via telephone at +31-(0)-313-670170. Avantes North American Headquarters can be contacted via telephone at (303)-410-8668 Avantes China can be contacted via telephone at telephone at 86-10-84574057

www.avantes.com info@avantes.com