Han’s Laser had achieved great success by leveraging its manufacturing platform in Shenzhen and its large salesforce throughout China while investing in R&D and acquisitions to expand its product portfolio. In 2011, it began sales of laser inspection devices and its Measurement and Micromachining Department became one of the company’s fastest growing business divisions. Nextec’s advanced laser inspection equipment was a good fit for the new department. The acquisition could also bring other added benefits such as increasing the company’s limited international presence, and helping the company expand its sales in the auto and aerospace sectors – two areas Han’s Laser had identified as priorities for future growth.
Nextec had recently signed its first major sales contract in China and recognized that it had many other opportunities in China but that they would be very difficult to realize without support from a strong local player in the China market.