NKT Photonics, a leading supplier of high performance fiber lasers and photonic crystal fibers, has entered into an agreement to acquire Onefive, a leading ultrafast laser manufacturer headquartered in Zurich. The acquisition will strengthen NKT Photonics’ Material Processing business by adding complementary know-how and products to its portfolio. ”We are pleased to add Onefive to the NKT Photonics family. It is a key element of our strategy to grow our business in the burgeoning Material Processing market,” said Basil Garabet, NKT Photonics’ CEO. “With Onefive, we significantly strengthen and enhance our product offering and know-how in this exciting market”. NKT Photonics’ increased activity level in the material processing segment will be an add-on to Onefive’s presence in the medical market. Here, the company’s ISO13485 certification is an important requirement, and supply and support to the medical market will continue and expand going forward. The strengthening of NKT Photonics’ market position was initiated a year and a half ago with the acquisition of UK-based Fianium with a focus on supercontinuum and ultrafast lasers, and is now further accelerated with the agreement to acquire Onefive. The agreement is subject to certain customary closing conditions, and is expected to be closed in the beginning of September 2017.