Jan 28, 2003 In July 2002, ESI announced its decision to exit the mechanical drilling business and to focus its efforts and expertise on the faster-growing laser drill market where it is recognized as a market leader.
"This was an easy decision for us to make," said Bob Bell, general manager of Excellon. "We expand our key service offerings and assist ESI's customers at the same time -- ultimately benefiting the entire printed circuit board drilling customer installed base with our capabilities and expertise. This business agreement capitalizes on our core expertise, is logical and rewards all parties involved."
"This transaction reinforces ESI's commitment to our customers and long-term support of our systems," said Jack Kurdock, vice president of operations for ESI. "While we are no longer in the mechanical drilling business, we remain committed to making the right moves for our customers. Transferring service and support to an industry leader like Excellon makes good sense and is mutually beneficial for both companies."
