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Trumpf Acquires Fiber Laser Subsidiary from GSI Group for $31.5M

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DITZINGEN, Germany, April 15, 2015 — Trumpf GmbH + Co. KG has acquired a subsidiary of GSI Group Inc. of Bedford, Mass., for approximately $31.5 million in cash. JK Lasers Ltd. of Rugby, England, will become part of Trumpf's SPI Lasers UK Ltd. of Southampton, England. "We decided to sell JK Lasers for an attractive valuation in order to redeploy the capital to invest in our growth strategies of building world-class franchises in our core businesses, such as laser scanning and beam delivery, low-power CO2 lasers, medical technologies and precision motion products," said GSI CEO John Roush. "Our focus will be on both...Read full article

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    Published: April 2015
    BusinessEuropeEnglandUKGermanyTrumpfGSISPI LasersJK LasersLasersfiber lasersindustrialmaterials processingLAMlaser additive manufacturing

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