Fastest growing semiconductor laser company will expand product offering with leading fiber products from LIEKKI
Vancouver, WA, USA/Lohja, Finland October 8, 2007 – nLIGHT Corporation, a leading manufacturer of high-power semiconductor lasers, today announced the signing of a definitive agreement to acquire leading specialty fiber manufacturer LIEKKI Corporation 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.
nLIGHT does not and will not offer for sale any products within the geographical area served by The United States District Court for the Eastern District of Texas or to its residents.