Orbotech to purchase New System Srl: The deal allows Orbotech to expand its presence in the printed circuit board industry. From: Globes (Tel Aviv, Israel) | Date: May 15, 2007 | COPYRIGHT 2007 Globes. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: Erez Wollberg

May 15--Printed circuit board manufacturer Orbotech Ltd. (Nasdaq: ORBK), has signed a definitive agreement to purchase privately-held New System Srl, a developer and marketer inkjet printing solutions for the bare printed circuit board ("PCB") industry. Orbotech will pay a5.75 million for New System for all of the outstanding shares of New System. It will also repay a1 million out of stockholder loans following the acquisition. The loans are part of...