The Lumibird Group has signed an agreement with Prima Industrie to acquire its subsidiary Convergent Photonicsand the Convergent assets of Prima Industrie North America.
The European laser specialist said the move will give it a strategic advantage in high-power semiconductor and fibre lasers, therefore, opening new market opportunities for its business.
A new step in the Lumibird Group’s investment strategy, the acquisition will enable Lumibird to further strengthen its sovereignty in the field of lasers and optronics.
Marc Le Flohic, Chairman and CEO of Lumibird, adds that the acquisition allows the group to vertically integrate critical semiconductor technologies, to strengthen its sovereignty over laser technologies in Europe, and to diversify into high growth markets.
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