DGAP-News: LPKF Laser & Electronics AG / Key word(s): Miscellaneous/Miscellaneous LPKF expands in Asia 20.03.2014 / 10:21 --------------------------------------------------------------------- LPKF sets up new subsidiary to cater to the growing market for laser production machines in South Korea. Garbsen, March 20, 2014 - LPKF is one of the leading providers of laser systems for the production of electronic components worldwide. Approx. 70 percent of the company's profits are generated in Asia. In addition to China and Taiwan, South Korea is also one of the laser specialist's most important markets. While LPKF already has seven service and sales subsidiaries in China, distributors have been supplying South Korea so far. Due to the growth in business, this next step will provide direct access to the South Korean market. "We already have an installed base of over 300 LPKF systems in South Korea," explains Dr. Ingo Bretthauer, CEO at LPKF AG. "From 2014 onwards, we will be able to attend to our clients' needs on-site with our own service and sales employees." Bretthauer has already found a Managing Director for the new subsidiary. Peter Birkner will be responsible for the company's expansion in Seoul. Prior to this, Birkner successfully headed the restructuring of customer service as well as sales support on-site for a German solar company in South Korea while taking into account the local and cultural circumstances. The goal is to have about 20 qualified service and sales employees at the new offices by the end of next year. South Korea is one of the 20 most important economies worldwide. The peninsular nation specializes in the manufacturing of technology products and cars. Samsung, LG and Hyundai are just some of its most influential companies. End of Corporate News --------------------------------------------------------------------- 20.03.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: LPKF Laser & Electronics AG Osteriede 7 30827 Garbsen Germany Phone: +49 (0) 5131 7095-0 Fax: +49 (0) 5131 7095-95 E-mail: [email protected] Internet: www.lpkf.com ISIN: DE0006450000 WKN: 645000 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 258610 20.03.2014