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Lumibird to Acquire Convergent Photonics from Prima Industrie

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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.

Published: May 2023
medical lasers
Medical lasers are devices that produce intense beams of light with specific characteristics and properties, which are used for various medical applications. These lasers emit light in the form of coherent and focused beams, allowing precise control over the energy delivered to tissues. The term "laser" stands for "light amplification by stimulated emission of radiation." In the medical field, lasers are employed for diagnostic, therapeutic, and surgical purposes. Their applications...
Optoelectronics is a branch of electronics that focuses on the study and application of devices and systems that use light and its interactions with different materials. The term "optoelectronics" is a combination of "optics" and "electronics," reflecting the interdisciplinary nature of this field. Optoelectronic devices convert electrical signals into optical signals or vice versa, making them crucial in various technologies. Some key components and applications of optoelectronics include: ...
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