DiagnoSYS Acquires the Global Board and Protocol Test Divisions of Schlumberger

DiagnoSYS Acquires the Global Board and Protocol Test Divisions of Schlumberger

Business Editors

KISSIMMEE, Fla.–(BUSINESS WIRE)–Nov. 4, 2002

Strategic Acquisition Adds a Full Spectrum of Board Test and

Telecom Protocol Test Products and Services with a Global Presence

Test and inspection specialist DiagnoSYS has announced a significant strategic acquisition that instantly promotes it to the premier league of global test solutions providers.

The company has acquired the Schlumberger board and protocol test business, which includes functional and in-circuit board test products, GR-303 and ETSI V5 telecom protocol test products and Fault-finder product ranges, together with a greatly extended world-wide customer base and an excellent network of technical support centers.

The acquisition means that DiagnoSYS can now offer the entire spectrum of test products and services from an expanded, worldwide platform that provides the company with an invaluable global perspective of new technological trends and developments.

The company will also develop its established and respected range of existing products into complete electronics test solutions, building on strongholds in the UK and US markets to support its new status as a major global player. “DiagnoSYS has always been totally committed to the test industry and this acquisition demonstrates without question our credibility and commitment to long-term growth within the market,” said the company’s Managing Director, David Cawkell.

Another major benefit of the acquisition is that DiagnoSYS has vastly increased the size of its pool of expertise and internal infrastructure. This includes, for example, the addition of four new support centers across the US, as well as new operations in Germany, France, Sweden, India, and South America. “By integrating these new support centers alongside our already excellent distributor network, we can now offer state-of-the-art localized technical support to customers in all the major manufacturing centers around the world,” said DiagnoSYS Sales Director, Paul Welland.

“New and existing customers will also benefit enormously from the advantages that come from working with one of the world’s largest test solutions providers,” he continued. “DiagnoSYS is committed to supporting all of its customers’ global test requirements, and to grow in line with their changing business requirements.”

“Our aim is to develop even closer partnerships with customers to help them derive maximum value from their existing assets, using a tailor made, service driven approach to focus on every customer’s specific needs. The move also expands the scope and capacity of ESS (Electronic Support Services), our Test Services outsourcing Division.”

“Electronics test is our core business and the magnitude of this acquisition underlines the continued and indispensable value of test within the wider electronics industry,” summarized Cawkell. “The acquisition is a positive step forwards that will benefit the company, its workforce, customers and suppliers long into the future. Furthermore, because DiagnoSYS has made this substantial investment in the company and its products, we are now able to compete for business in the global market place on a larger scale than we could ever have done before.”

About DiagnoSYS Systems, Inc.

DiagnoSYS Systems, Inc. is a provider of test solutions and services offering a full spectrum of products from board test to telecom protocol testers and automated optical inspection (AOI) equipment.

DiagnoSYS Systems, Inc. North American headquarters are located at 102 Park Place Boulevard, Building B, Kissimmee FL 34741 Ph: telephone: 800-788-6219. Fax: 407-846-6416. e-mail: us-sales@diagnosys-usa.com

Global headquarters for DiagnoSYS, Ltd. Are located at Systems House, Petersfield Business Park, Petersfield, Hampshire GU32 3QA, United Kingdom; telephone +44 (0) 1730 260699, Fax: +44 (0) 1730 260659. Contact DiagnoSYS on the web at www.diagnosys.com or via email to info@diagnosys.com.

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