Yxlon International Holding

British investment firm Botts & Company has signed an agreement to sell its majority equity stake in Hamburg-based Yxlon International Holding GmbH to InVision Technologies. Yxlon's X-ray products and services are in operation in over 60 countries worldwide for the inspection of safety-relevant components in automotive, aircraft or power industries. Currently Yxlon employs more than 250 people, of which approximately 80 are working in the US, Japan and Denmark. The company made a turnover for the last fiscal year ending 30 September 2002 of around E60m. InVision Technologies Inc is an international supplier of computed tomography systems for explosive detection. These advanced computed tomography machines are certified by the Transport Security Administration of the US Department of Transportation and satisfies the requirements for use at American airports. After 11 September 2001 InVision's sales rose to nearly $430m in 2002. Cash will solely finance the takeover of Yxlon. All jobs and manufacturing sites are expected to continue.

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