Thursday, December 20, 2018

Philips sells Laser Diode Division to TRUMPF

Philips will sell 100% of its Photonics GmbH division to TRUMPF. Financial terms were not disclosed.

Philips Photonics, which iss headquartered in Ulm, Germany, designs, manufactures, markets and sells VCSEL-based solutions for data communications, consumer and industrial applications. Its product portfolio ranging from high speed VCSELs (vertical-cavity surface-emitting lasers) for data communication to infrared illumination modules for security, surveillance and night vision applications, from single mode VCSELs for sensing applications to intelligent Laser Doppler sensors for accurately measuring velocity and distance. Philips Photonics' laser diodes are manufactured in a high-tech facility in Ulm. Further locations are Aachen, Eindhoven in the Netherlands, and sales offices in Shenzen, Shanghai, and Qingdao in China. Photonics GmbH employs around 280 people.

TRUMPF said the acquisition opens up a new market segment. TRUMPF's existing business includes high-power diode lasers.

"With this acquisition, we want to open up new product fields and expand our existing portfolio at a strategically important point," said TRUMPF boss Nicola Leibinger-Kammüller.

"Since our foundation in 2000, we have grown strongly. More than half a billion cell phones worldwide are equipped with laser diode technology from Philips Photonics," said Joseph Pankert, Business Leader of Philips Photonics. "We are very excited to become part of TRUMPF. This will ensure that the division can continue to grow in a highly innovative company in the future," Pankert continued.

http://www.photonics.philips.com/
https://www.trumpf.com/

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