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NKT Photonics Acquires Fiber Laser Firm Fianium for $30M

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COPENHAGEN, Denmark, April 1, 2016 — NKT Photonics (NKT Holding A/S) said it has signed an agreement and closed the transaction to acquire Fianium Holdings Ltd., a global supplier of ultrafast, high-power laser systems, headquartered in Southampton, England. The transaction price amounts to £21 million (about $29.8 million).

Fianium supplies both ultrafast and supercontinuum fiber lasers with a strong presence in the U.S., as well as a global distribution network. In 2015, Fianium realized revenue of £7 million and had 54 employees, NKT reported.

NKT said the acquisition will improve its position in its primary market, which are scientific and OEM customers with an increasing focus on commercial applications.
Apr 2016
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
BusinessindustrialexpansionacquisitionsFianiumNKTphotonicslasersfiber lasersEnglandEuropeDenmarkEuro News

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