More industry consolidation: nLight to buy LIEKKI

Oct. 8, 2007
October 8, 2007, Vancouver, WA; Lohja, Finland--Diode-laser manufacturer nLIGHT Corporation signed a definitive agreement to acquire specialty fiber manufacturer LIEKKI Corporation.

October 8, 2007, Vancouver, WA; Lohja, Finland--Diode-laser manufacturer nLIGHT Corporation signed a definitive agreement to acquire specialty fiber manufacturer LIEKKI Corporation. Further terms of the acquisition were not disclosed.

"This is a very important acquisition that integrates critical technology for the rapidly expanding markets for diode and fiber lasers," said Scott Keeney, nLIGHT 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. Our plan is to invest in the Lohja, Finland operation as our fiber center of excellence."

The transaction is subject to customary closing conditions and is expected to be completed in the fourth quarter of 2007.

"The combination of our technology and teams will provide customers with a complete supply chain from laser diodes and fibers to optical modules," said William Willson, managing director of the Fiber Division. "nLIGHT is the fastest-growing company in the diode laser market and LIEKKI will bring its experience in fibers and modules, a unique, patented direct nanoparticle deposition fiber technology process and a specialized manufacturing facility which scales efficiently in this growing market."

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