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NKT Photonics Acquires Fiber Laser Firm Fianium

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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...Read full article

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