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Bruker AXS to Acquire X-Ray Analysis Software Company SOCABIM

18 Aug 2005 - Bruker AXS GmbH announced that it has signed a binding agreement to acquire all shares of privately-held SOCABIM SAS, a company focused on advanced X-ray materials research and analysis software. The transaction is expected to close in the first quarter of 2006.
 
SOCABIM was founded in 1977 and has developed into a major supplier of software for X-ray diffraction (XRD) and X-ray fluorescence (XRF) materials analysis to Bruker AXS. With this acquisition, Bruker AXS is significantly expanding its core technology base in two of its strategic product and applications areas. The acquisition will not add to Bruker AXS' revenue, but is expected to increase the Bruker AXS gross margin by more than one percent. For Bruker BioSciences Corporation the transaction is expected to be accretive by $0.01 per share in 2006.
 
Bruker AXS intends to merge and co-locate SOCABIM SAS and its French subsidiary Bruker AXS SA near Paris. The two co-founders of SOCABIM, Mr. Julien Nusinovici and Mr. Pierre Caussin, as well as all present employees of SOCABIM, are expected to join the merged company, with Mr. Nusinovici and Mr. Caussin continuing their role as senior managers of the SOCABIM division of the merged company.