Danish Government Blocks Sale of NKT Photonics to Hamamatsu
The sale of NKT Photonics to Hamamatsu Photonics K.K, Japan subsidiary Photonics Management Europe srl has been denied under the Danish Investment Screening Act. Required regulatory approvals for the
agreement reached between NKT and Hamamatsu have been obtained over the past months from authorities in Germany, the United Kingdom, and the United States.
On May 2, NKT received notification that the purchaser had been denied authorization under the Danish Investment Screening Act, which was needed for the purchaser to complete the transaction and acquire NKT Photonics.
According to the Danish Investment Screening Act, the Danish minister for industry, business, and financial affairs can refuse to authorize a foreign company’s investment in Denmark, such as the acquisition of NKT Photonics, if it poses a threat to national security or public order in Denmark.
NKT's announcement is available
here.
LATEST NEWS
- Himax Invests in, Collaborates with Fiber Interconnect Specialist FOCI
Jun 12, 2024
- Sheba Adds Senior Strategic Advisor: People in the News: 6/12/24
Jun 12, 2024
- Photonic Insulator Offers Platform for Study of Light-Matter Interaction
Jun 11, 2024
- Erbium Laser Miniaturized to Chip-Scale
Jun 11, 2024
- Chip-Based 3D Printer for Prototyping on the Go
Jun 10, 2024
- Omega Optical Names CEO
Jun 10, 2024
- Quantinuum Launches 56-Qubit Quantum Computer: Week in Brief: 6/7/2024
Jun 7, 2024
- Atom Computing Lands Investment, Expands Overseas
Jun 7, 2024