Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Lumibird to Acquire Convergent Photonics from Prima Industrie

Facebook Twitter LinkedIn Email
LANNION, France, May 16, 2023 — Laser developer Lumibird has signed an agreement to acquire Convergent Photonics, a subsidiary of Italian company Prima Industrie, as well as the Convergent assets of Prima Industrie North America. Convergent is a designer and manufacturer of semiconductor lasers and laser diode packaging. Convergent also develops high-power fiber lasers for applications in the medical sector, including urology and surgery.

Terms of the deal were not disclosed. The companies expect the deal to be completed in the second half of this year.

According to Lumibird, the acquisition strengthens its position as a developer of semiconductor and high-power fiber lasers, and it opens new market segments for the company. The acquisition supports Lumibird’s position in optronics, and Lumibird expects the acquisition to support its business in new medical markets, beyond ophthalmology.

According to Lumibird, the acquisition will also enable it to become independent in the supply of critical components and give it greater capacity for innovation in materials and components while internalizing the margins on expensive components.

Giovanni Negri, CEO of Prima Industrie, said that the move will allow Prima to focus on its main business of sheet metal machinery and systems. Prima completed the spinoff operation of its additive manufacturing business unit as well as the consequent capital increases in the company 3D New Technologies in April 2022.

Lumibird last year acquired acquired Innoptics, a specialist in optoelectronic component packaging.
May 2023
A sub-field of photonics that pertains to an electronic device that responds to optical power, emits or modifies optical radiation, or utilizes optical radiation for its internal operation. Any device that functions as an electrical-to-optical or optical-to-electrical transducer. Electro-optic often is used erroneously as a synonym.
BusinessEuropemergers & acquisitionslaserssemiconductor lasersmedical lasersLumibirdLumibird MedicalPrima Industrie SpAPrima IndustrieConvergent Photonicspackagingoptronicsoptoelectronics

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2023 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.