Valor had recently completed the purchase of the Danish TraceXpert, now a wholly owned Valor subsidiary under the name “Valor Denmark”.

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The purchase will enable Valor to achieve full business and operational integration with the Danish company and its products, resulting in reduced costs and increased profitability. “We see an increasing demand for Manufacturing Execution Systems (MES) in the Assembly market. Due to the fact that TraceXpert plays a key role in our solution for that market and due to the great potential that we see in TraceXpert as a company, we decided to complete the purchase ahead of time”, explained Shofman.
“Overall, I am optimistic about the future”, said Shofman. “We expect to see an increase in revenues and net profit in Q2, and to meet or even exceed our original profit outlook of $3 Million for 2006”, he concluded.