IPG quarterly sales drop 19 per cent in China
28 February 2019
Fibre laser manufacturer IPG Photonics has experienced a 19 per cent drop in sales to China, on a year-over-year basis, throughout its final quarter of 2018
Finance
NLight 2018 revenue up 38.1 per cent despite challenging conditions in China
26 February 2019
NLight has reported a full-year 2018 revenue increase of 38.1 per cent, the reported growth has been made despite ongoing challenging economical conditions in China
Coherent Q1 revenue impacted by slowing materials processing sales in China
21 February 2019
Coherent's materials processing sales in China have been impacted by a combination of tariffs, rising consumer debt and eroding consumer confidence and spending, which have taken a toll on the Chinese economy.
Photonics Systems Group acquires LS Laser Systems
12 February 2019
Photonics Systems Group, a manufacturer of laser machines for micro-material processing, and owner of Innolas Solutions, has acquired LS Laser Systems, a provider of laser solutions for marking, trimming and micro processing.
North American partner of Clean-Lasersysteme acquired by Boyne Capital
12 February 2019
Adapt Laser Systems, the North American sales, distribution and technical services partner to German-based laser cleaning solutions firm Clean-Lasersysteme, has been acquired by Boyne Capital
Medical device manufacturer Caribou Technologies acquired by Resonetics
12 February 2019
Caribou Technologies, a supplier of centerless grinding, forming, coiling, machining and laser processing for the medical device industry, has been acquired by Resonetics
Optek Systems acquired by Safety Technology Holdings
12 February 2019
OpTek Systems has been acquired by Safety Technology Holdings, a portfolio company of UK-based private equity firm Bridgepoint. Financial terms of the agreement were not disclosed.
Nobel laureates urge European Commission to prioritise photonics funding
25 January 2019
Nobel prize winning scientists behind major photonics breakthroughs have warned that the sector could be seriously compromised if it is not included in the Horizon Europe draft funding priority list
IPG Photonics to acquire robotic systems integrator Genesis
7 November 2018
IPG Photonics has announced that it will acquire Genesis Systems Group (Genesis), an integrator of robotic welding and automation solutions
MKS Instruments to acquire ESI for $1 billion
1 November 2018
MKS Instruments, a provider of process control solutions, is set to acquire laser micro-machining firm Electro Scientific Industries (ESI) for approximately $1 billion in cash
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