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Hamamatsu to Acquire NKT Photonics

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Hamamatsu Photonics will acquire Danish fiber laser manufacturer NKT Photonics. Hamamatsu will make the acquisition, which the companies expect to close by the end of the first quarter of next year, through its wholly owned subsidiary Photonics Management Europe SRL, located in Belgium. NKT Photonics will become a Hamamatsu subsidiary upon closure of the deal, which carries an enterprise value of approximately €205 million ($216.41 million). NKT A/S said the full divestment of its photonics business, together with the photonics business’ divestment of its subsidiary LIOS...Read full article

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