Cimatron Completes the Increase of its Holding in Microsystem to 100%

GIVAT SHMUEL, Israel, July 24 /PRNewswire-FirstCall/ -- Cimatron Limited , a leading provider of integrated CAD/CAM solutions for the toolmaking and manufacturing industries, today announced that it has completed the exercise of its previously disclosed second call option to acquire an additional 49% of the shares of Microsystem Srl, the company's Italian distributor, and accordingly, to increase its holding in Microsystem from 51% to 100%. For more information about the transaction, please see Cimatron's press release as of July 14th, 2008, which may also be found under the investors' section on Cimatron's website, as well as Cimatron's Annual Report on Form 20-F for the year ended December 31, 2007, filed with the SEC on June 30, 2008. About Microsystem Microsystem is Cimatron's Italian subsidiary and a well-established... [read full story]