National Instruments Acquires German Automotive Software
7.09.1999, 11:23
Company / Acquisition Resolves Infringement Dispute on
LabVIEW(TM) Patent
AUSTIN, Texas (PROTEXT) - National Instruments Germany GmbH
(Nasdaq: NATI) announced today that it has acquired GfS
Systemtechnik GmbH & Co.KG (Aachen, Germany), and related
subsidiaries. Financial terms of the acquisition were not
disclosed. GfS, founded in 1981, is a leading software provider
for the German automotive industry with branch offices in Berlin,
Dresden, Hamburg and Munich plus a United States subsidiary in
Novi, Michigan.
"The combined technologies and expertise of National
Instruments and GfS bring to the global marketplace the leading
computer-based measurement and automation solutions for the
automotive industry," said Dr. James Truchard, President and CEO
of National Instruments. "We are excited about further expanding
our research and development base in Germany, adding the new
employees to the National Instruments team, and providing
expanded coverage for GfS." Dr. Truchard added the 80 GfS
employees will continue their current employment, and that Dr.
Wilfried Melder, President of GfS, will remain as President
(Geschaftsfuehrer) of the new National Instruments subsidiary.
"The combination of GfS and National Instruments greatly
enhances the product development, customer support, training, and
turnkey systems that we can provide our customers," said Dr.
Wilfried Melder, President of GfS GmbH & Co.KG.
National Instruments will be adding the GfS products to its
portfolio of software products for measurement and automation
applications including DIAdem(R), standard software for
processing measured data under Windows.
"The acquisition of GfS strengthens our position as the
software vendor of choice for measurement and automation," said
Alex Davern, CFO, National Instruments. "With the exception of a
one time charge related to the acquisition, we do not anticipate
that the acquisition will have any material short term impact on
earnings per share."
Dr. Truchard concluded that National Instruments was pleased
that the patent infringement issue was amicably resolved in a way
that customers would not be affected. National Instruments holds
more than 20 patents worldwide on LabVIEW features such as
graphical programming structure nodes and VI hierarchy. LabVIEW
is a leading graphical programming environment for measurement
and automation applications.
About National Instruments
National Instruments, a leading supplier of computer-based
measurement and automation products, was founded in 1976. The
company manufactures hundreds of software and hardware products,
which when combined with industry-standard computers, are used to
replace and/or communicate with traditional instrumentation to
acquire, analyze, and display data and to monitor and control
processes. These computer-based instrumentation systems are used
for measurement and industrial automation applications.
National Instruments stock is traded on the Nasdaq National
Market System under the symbol NATI. Interested parties can
obtain investment information from the company's Investor
Relations Department at 512-349-5090, e-mail nati@natinst.com ,
or by visiting http://www.natinst.com/nati
For more information, contact National Instruments, 11500 N
Mopac Expwy, Austin, Texas, 78759-3504. Call toll free in the
United States and Canada at 800-258-7022, fax 512-683-9300, e-
mail info@natinst.com. Product and company names listed are
trademarks or trade names of their respective companies. ots
Original Text Service: National Instruments Internet:
http://www.newsaktuell.de Contact: Dave Kamp, Editor Contact,
800-258-7022, or Alex Davern, Investor Relations, 512-683-6977,
both of National Instruments Web site: http://www.natinst.com
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