Orbotech acquires 3D — Danish Diagnostic Development

13 August 2007

Yavne, Israel. Orbotech Ltd. (NASDAQ/NM SYMBOL: ORBK) is taking over 3D — Danish Diagnostic Development A/S (DDD), a manufacturer of gamma cameras for nuclear medicine

DDD is a privately-held Danish company and markets primarily in the United States through major industry suppliers that distribute them under their own brands.

Orbotech will pay about $39 million for the shares and a performance-related amount capped at approximately $6.5 million. On completion of the deal it will form part of Orbotech’s medical imaging operations.

Commenting on the announcement, Mr. Rani Cohen, Chief Executive Officer of Orbotech, said: “This acquisition is an important step in our strategy for growth and diversification into medical imaging as an original equipment manufacturer (OEM) of highly innovative technologies."

"DDD is an exceptional company with highly talented employees, world-class know-how and products whose outstanding caliber is recognized by the largest players in the industry. Moreover, the acquisition presents an opportunity for Orbotech to leverage its strong operational capabilities and resources. The medical imaging industry presents solid growth drivers that will complement and balance Orbotech’s core electronics business.”

Orbotech has its headquarters and primary research, development and manufacturing facilities in Israel, and more than 30 offices worldwide.

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