NKT Photonics has signed an agreement to acquire Fianium Holdings Limited (‘‘Fianium’’), a leading global supplier of ultra-fast, high-power laser systems, headquartered in Southampton, UK. The transaction price amounts to GBP 21m, equivalent to approx. EUR 27m.
Fianium supplies both ultra-fast and supercontinuum fiber lasers and has a strong presence in the US, combined with a global distribution network. In 2015, Fianium realised revenue of GBP 7m (approx. EUR 9m) and has 54 employees.
The acquisition will strengthen NKT Photonics’ global market position within ultra-fast and supercontinuum fiber lasers, combining the two companies’ geographical coverage, manufacturing facilities and complementary product portfolios. The primary market is scientific- and OEM customers with an increasing focus on commercial applications.