Elos Fixturlaser Changes Name Following June Acquisition by the ACOEM GROUP

MÖLNDAL, Sweden (Sept. 18, 2014) – VibrAlign, distributor of Fixturlaser shaft alignment systems in the U.S., announced that in June the ACOEM Group, France, acquired Elos Fixturlaser AB, Sweden, a developer and manufacturer of laser-based shaft alignment systems. Effective Sept. 15, Elos Fixturlaser AB changed its company name to ACOEM AB. This is only a name change, and the company’s corporate identification number, addresses, as well as all company contact information remain unchanged. “With the ACOEM Group, we have found a new owner within the same industrial segment as us,” said Hans Svensson, CEO of ACOEM AB. “Although Fixturlaser at large will remain unchanged, the name change to ACOEM AB will clearly show that we today are a part of the ACOEM Group.” The ACOEM Group, headquartered in Lyon, France, is a global player within maintenance and reliability with brand names such as 01dB, OneProd and Metravib. The change of ownership and the name change will not affect the distribution of Fixturlaser products. Fabien Condemine, CEO of ACOEM Group said, “ACOEM will continue to support the existing distributors of Fixturlaser's product range to ensure a continued growth of the market. We are convinced that the benefit of the strong Fixturlaser distribution network will help the ACOEM Group to reach its goals.” According to David Zdrojewski, CEO of VibrAlign, “The acquisition of Fixturlaser AB by the ACOEM Group aligns VibrAlign with an innovative provider of products and services with extensive experience in improving the productivity and reliability of industrial processes. We look forward to ever greater opportunities to pursue our quest to realign America.”