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Novanta Increased Ownership of Laser Quantum

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Photonics and motion technology supplier Novanta Inc. has acquired an additional 35 percent of the outstanding shares of Laser Quantum Ltd. for £25.5 million in cash ($31.1 million), increasing its ownership to 76 percent. Laser Quantum is a supplier of solid-state continuous wave lasers, femtosecond laser and optical light engines for OEMs and the medical market. "Laser Quantum increases Novanta's breadth and technology capability in photonics solutions for medical applications,” said Matthijs Glastra, CEO of Novanta. "Particularly, it gives Novanta a significant...Read full article

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