nLIGHT acquires LIEKKI
OCTOBER 8, 2007 -- Terms of the deal were not disclosed.
OCTOBER 8, 2007 -- nLIGHT Corp. (search for nLIGHT), a manufacturer of high-power semiconductor lasers, has announced the signing of a definitive agreement to acquire specialty fiber manufacturer LIEKKI Corp. (search for LIEKKI) based in Lohja, Finland. Further terms of the acquisition were not disclosed.
"This is a very important acquisition that integrates core technology for the rapidly growing markets for semiconductor and fiber lasers," stated Scott Keeney, nLIGHT's president and CEO. "Combining the nLIGHT and LIEKKI product portfolios will bring compelling solutions to our industry. We highly value the LIEKKI team and their operational excellence."
"The combination of our technology and teams will provide customers with a complete supply chain from semiconductor lasers and fibers to optical modules," commented William Willson, managing director of the Fiber Division. "nLIGHT is the fastest growing company in the semiconductor laser market and LIEKKI will bring its experience in fibers and modules; a unique, patented direct nanoparticle deposition (DND) fiber technology process; and a specialized manufacturing facility, which scales efficiently in this growing market."
The transaction is subject to customary closing conditions and is expected to be complete in the fourth quarter of 2007.