Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Comet Holding AG    COTN   CH0360826991

COMET HOLDING AG

(COTN)
  Report
Delayed Quote. Delayed Swiss Exchange - 10/30 12:31:00 pm
128.8 CHF   +2.55%
10/30Personnel change in the Executive Committee
TE
10/02COMET : Object Research Systems – a great strategic fit for the Comet Group
PU
09/30COMET : acquires the Canadian software developer ORS
PU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Comet acquires the Canadian software developer ORS

share with twitter share with LinkedIn share with facebook
09/30/2020 | 01:36am EDT

Comet acquires the Canadian software developer ORS

Comet has entered into a definitive agreement to acquire Object Research Systems (ORS) Inc. thus increasing the company's expertise in Machine Learning and Artificial Intelligence.

Object Research Systems (ORS) Inc. is a leading provider of 3D-visualization and analysis solutions for research and industrial applications based in Montreal, Canada. Its Dragonfly software is used in over 80 countries for deep learning applications in the material sciences, electronics and manufacturing sectors.

In an environment of increasing reliance on digitalization, this is an important strategic step for Comet. Machine Learning and Artificial Intelligence allow the automated analysis of larger, more complex and interdependent data sets. The information obtained via the Dragonfly software accelerates the development of new manufacturing processes and procedures and allows process modules and production systems to learn to predict or avoid interruptions in a customer's manufacturing environment. With this acquisition, Comet is significantly expanding its AI/ML capabilities and will be able to offer customers even more attractive digital diagnostic services - in the Semi industry and in NDT.

"We are already providing our customers with valuable data for component testing," states Thomas Wenzel, President X-Ray Systems. "In the future, we want to be able to provide our customers automatically, precisely and rapidly with exactly the information they need to make their processes better and more efficient with higher yields. The ORS team will complement our existing skills with increased expertise in data analysis, AI and Machine Learning."

The transaction is expected to close by end of 2020. Comet is taking all 20 employees and acquiring 100% of the ORS stock pending the fulfilment of all closing conditions of the purchase agreement and expects no significant impact from this transaction at the EBITDA level for the overall year.

Contacts

Media

Ines Najorka

VP Group Communications

T +41 79 573 45 94

ines.najorka@comet.ch

Investors / Analysts

Ulrich Steiner

VP Investor Relations & Communication

T +41 31 744 99 95

ulrich.steiner@comet.ch

Key dates

November 26, 2020

Comet Investor Day

Comet Group
The Comet Group is a globally leading, innovative technology company based in Switzerland with a focus on plasma control and x-ray technology. With premium high-tech components and systems, we enable our customers to both enhance the quality of their products and make their manufacturing more efficient and eco-friendly. Our innovative solutions are in demand in the semiconductor and electronics market, the aerospace and automobile industry and in security inspection. Headquartered in Flamatt, Switzerland, the Comet Group has a presence in all world markets. We employ about 1,300 people worldwide, including approximately 500 in Switzerland. Besides production facilities in China, Denmark, Germany, Switzerland, Malaysia and the USA, we maintain various other subsidiaries in the USA, China, Japan and Korea. Comet (COTN) is listed on the SIX Swiss Exchange.




Provider
Channel
Contact
EQS Group Ltd., Switzerland
switzerland.eqs.com


newsbox.ch
www.newsbox.ch


Provider/Channel related enquiries
cs.switzerland@eqs.com
+41 41 763 00 50

share with twitter share with LinkedIn share with facebook
All news about COMET HOLDING AG
10/30Personnel change in the Executive Committee
TE
10/02COMET : Object Research Systems – a great strategic fit for the Comet Grou..
PU
09/30COMET : acquires the Canadian software developer ORS
PU
09/30Comet acquires the Canadian software developer ORS
TE
08/13Comet Group – Improved half-year results in a challenging market enviro..
TE
07/31Comet Holding AG – Presentation of the Half-Year Results 2020
TE
07/20Elisabeth Pataki takes over as CFO at Comet Group
TE
07/20Comet Group increases sales and net income in the first half-year versus same..
TE
05/15YXLON launches UX20 standard system for more efficient casting inspection
TE
05/05Comet names Kevin Crofton as CEO
TE
More news
Financials
Sales 2020 380 M 414 M 414 M
Net income 2020 19,9 M 21,7 M 21,7 M
Net Debt 2020 21,5 M 23,5 M 23,5 M
P/E ratio 2020 52,0x
Yield 2020 0,87%
Capitalization 1 001 M 1 092 M 1 091 M
EV / Sales 2020 2,69x
EV / Sales 2021 2,34x
Nbr of Employees 1 330
Free-Float 88,8%
Chart COMET HOLDING AG
Duration : Period :
Comet Holding AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends COMET HOLDING AG
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Average target price 170,00 CHF
Last Close Price 128,80 CHF
Spread / Highest target 37,4%
Spread / Average Target 32,0%
Spread / Lowest Target 26,6%
EPS Revisions
Managers
NameTitle
Kevin Timothy Crofton Chief Executive Officer
Heinz Kundert Chairman
Eric Dubuis Chief Information & Human Resources Officer
Rolf Huber Vice Chairman
Gian-Luca Bona Non-Executive Director
Sector and Competitors