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News from Germany

25 January 2018

Isola transfers ownership to investment group

Isola Group has completed an agreement to transfer its equity to an investment group led by Cerberus Capital Management, L.P. and its affiliates.

The transaction improves Isola’s capital structure and secures additional liquidity to enhance the company’s long-term financial position. Cerberus and the other new equity owners are providing a new revolving credit facility to the Isola and have agreed to amend and extend the existing secured loan facility to 2022. In addition, the cash interest expense associated with the secured facility has been reduced to one percent, and the total debt on Isola’s balance sheet has been reduced significantly, providing the Company with the financial flexibility to grow its business.

“We are very excited to be working with the new ownership group led by Cerberus,” said Jeff Waters, President and CEO of Isola. “We have been transforming the Company over the past two years, with new products now entering the market to fuel our growth. With our new capital structure, we have new degrees of flexibility that will only accelerate our strategies and success.”

“With today’s agreement, Isola has a stronger financial outlook and access to long-term capital that positions the Company for future growth,” said Joseph A. Naccarato, Chief Operating Officer and Chief Credit Officer, Cerberus Business Finance, LLC. “Beyond financial resources, Cerberus has one of the largest and most experienced teams of operating executives and functional experts in the investment industry. We look forward to working alongside Isola’s talented management and employees to support its global business going forward.”

 

Smart Systems Integration 2018: Conference registration at early bird prices until end of February

Participants of Smart Systems Integration can register online until 28 February 2018 at discounted early bird prices. In addition to the versatile conference program, the event offers an accompanying exhibition as well as an interesting social program.

Smart Systems Integration, taking place in Dresden, Germany, from 11 – 12 April 2018 views the system integration of miniaturized components in its entirety – from suitable materials and connection technologies to communication and security issues. The focus of the conference is on user- and industry-oriented content and demonstrates the research and development potential worldwide.

 

Conference participants can expect the following highlights:

Five keynote speeches by skilled experts from internationally renowned companies and research institutes such as T-Systems Multimedia Solutions GmbH, STMicroelectronics SA, Technical University Dresden, Delft University of Technology/ Harvest Imaging and University of Applied Sciences Dresden

  • 54 lectures by top speakers from science and industry in 13 conference sessions
  • Two special sessions by EpoSS on ”Smart Manufacturing – A Pan-European Perspective” and “The Automated World – Technology Trends for the Digital Society”
  •  Over 35 poster presentations


Numerous exhibitors already registered

At the accompanying exhibition, globally networked, highly specialized producing companies, service providers, suppliers and research institutions will be presenting their products and services in the fields of micro- and nanotechnologies, sensors and actuators, microelectronics, printed electronics and telecommunications technology.

The exhibitors include, for example, X-FAB MEMS Foundry GmbH from Germany and Swerea IVF AB from Sweden. The German company TDK-Micronas GmbH will present their system solutions designed to measure magnetic fields and control electric motors in the automotive and industrial sectors at this year´s Smart Systems Integration. These solutions include hall sensors, TMR sensors, and single-chip motor controllers.

 

Time for networking – the social program 2018

The event will be rounded off by a versatile social program. A day before the conference, a pre-conference field trip will take place. Participants will visit two so-called Smart Trails of the Smart Systems Hub in Dresden. They can also gain insights into the IoT test environment as well as the IoT platform in HTW Dresden’s Smart Factory.

On the eve of the first conference day, the traditional Conference Dinner will be hosted on a boat trip cruising the river Elbe. The Best Paper and Best Poster Award of the Smart Systems Integration 2017 will be awarded within this event.

The “Smart Sensor and Production Systems for Industrial IoT” roadshow trail aims to introduce innovative solutions for the continual digitization in production along the entire value chain. This After-Conference Field Trip to Chemnitz, Germany, will take place one day after the event and is organized by the scientific conference partner and co-organizer of the conference, Fraunhofer ENAS.

 

Registration

 The conference registration is possible at smartsystemsintegration.com/registration. Early bird prices apply until 28 February 2018. Special conditions are offered to students, affiliates of EPoSS and members of universities / research institutions.

The complete conference program with further information is available at smartsystemsintegration.com.

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