It is just a modest acquisition. It is part of our overall European strategy. |
The year '05 was a tough year. Pricing pressure in the US has been brutal. |
This was because the non-US business of the company grew by a healthy 13 percent, compensating in significant measure for the sluggish US market. |
While 2005 was a tough period, we strongly believe the business outlook will get better in 2006. Our basic belief in the underlying strength and potential of our core business operation, does not change. |