LUMIBIRD COMPLETES ACQUISITION OF PRIMA INDUSTRIE'S HIGH POWER LASER AND SEMICONDUCTOR BUSINESSES IN ITALY AND THE UNITED STATES
01 September 2023 - 1:35AM
LUMIBIRD COMPLETES ACQUISITION OF PRIMA INDUSTRIE'S HIGH POWER
LASER AND SEMICONDUCTOR BUSINESSES IN ITALY AND THE UNITED STATES
Lannion, 31/08/2023 – 5:35 pm
LUMIBIRD COMPLETES
ACQUISITION OF PRIMA INDUSTRIE'S HIGH POWER LASER
AND SEMICONDUCTOR BUSINESSES IN ITALY AND THE UNITED
STATES
The LUMIBIRD Group (FR0000038242 -
LBIRD), the European leader in laser technologies,
completed on August
31 the agreement with the Italian
company Prima Industrie to acquire its subsidiary Convergent
Photonics (Turin, Italy) and
the Convergent assets
of Prima Industrie North America (Boston, USA). This
acquisition provides Lumibird with innovative
solutions and autonomy in
semiconductors and
high-power fibre lasers, while opening up new markets.
Lumibird today finalised the acquisition of
Convergent Photonics, following the lifting of all conditions
precedent and in particular the obtaining of regulatory approvals.
The new subsidiary, named “Lumibird Photonics Italia”, is based in
Turin, Italy. The Convergent assets held by Prima Industrie North
America (USA) are taken over by Lumibird Photonics USA (formerly
Quantel USA).
This acquisition has a double strategic interest
for Lumibird by strengthening its autonomy in semiconductors and
very high power fibre lasers technologies, and by opening up new
market segments. The arrival of semiconductors also complements the
strategic investments already made in fibre optics and related
components. It will enable Lumibird to become an independent
supplier of critical components, and will give it greater capacity
for innovation in terms of materials and components, while
internalising the margins on expensive components.
Lumibird financed its acquisition by drawing on
the bank lines available to the group, in compliance with the
covenants.
Next date: 2023 half-year
earnings on September 26, 2023 (after close of trading)
LUMIBIRD is one of the world's leading laser
specialists. With 50 years of experience and mastering solid-state,
diode and fibre laser technologies, the Group designs, manufactures
and distributes high-performance laser solutions for scientific
(research laboratories, universities), industrial (production,
defence/space, Lidar sensors) and medical (ophthalmology,
ultrasound diagnosis) applications.The result of the merger in
October 2017 between the Keopsys and Quantel Groups, LUMIBIRD, with
more than 1,000 employees and more than €191m in turnover by 2022,
is present in Europe, America and Asia.LUMIBIRD shares are
listed in compartment B of Euronext Paris. FR0000038242 -
LBIRD www.lumibird.comLUMIBIRD
is part of Euronext Tech Leaders
since 2022
Contacts
LUMIBIRDMarc Le FlohicChairman and CEOTel. +33(0) 1 69 29 17
00info@lumibird.com |
LUMIBIRDSonia Rutnam Chief Financial and Transformation OfficerTel.
+33(0) 1 69 29 17 00info@lumibird.com |
CalyptusMathieu CalleuxInvestors RelationsTel. +33(0) 1 53 65 37
91lumibird@calyptus.net |
- 23083108 - Closing - Lumibird_Prima_EN
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