Norican Sells DISA Core Machine Division to Suzhou Mingzhi Technology Co. Ltd.

(Leipzig, January 31, 2018) Norican Group and Suzhou Mingzhi Technology Co Ltd. are pleased to announce the signing of a binding agreement whereby Suzhou Mingzhi Technology Co Ltd. has purchased the assets of the DISA Core product business, based in Leipzig.

The sale is the result of close dialogue between the parties, exploring potential cooperation within complementary business areas, to better serve customers. DISA has been offering Core solutions to the foundry industry for 20+ years from its facility in Leipzig, Germany.

The agreement with Mingzhi Technology offers an excellent opportunity to expand and secure the continuation of the quality products offered by the Leipzig team, combining it with the strength and experience of the Mingzhi Technology organisation.

All employees working with the Core equipment offering in Leipzig have been transferred upon closing to the newly established Mingzhi Technology Leipzig GmbH entity and will continue their work as part of the Mingzhi Technology organisation. Any current DISA Core product contracts will be fulfilled by the Norican Group in collaboration with Mingzhi Technology Leipzig.

Mr. Qiu He
General Manager
Suzhou Mingzhi Technology Ltd.

Peter Holm Larsen
President GPG Parts Formation
Norican Group