Trumpf Group buys high-power fiber-laser maker JK Lasers for $31.5 million
Materials-processing laser manufacturer SPI Lasers (Southampton, England), which is a member of the Trumpf Group (Ditzingen, Germany), has acquired the company JK Lasers (Rugby, England) for $31.5 million.
JK Lasers has close to 100 employees and annual sales of 17.6 million euros; the company's products include high-power fiber lasers for industrial use, as well as Nd:YAG and CO2 lasers.
Until now a member of the GSI Group (Bedford, MA), JK lasers has been in the business of laser development for more than 40 years. The company's core competency is in fiber lasers with outputs from 100 W to 4 kW, as well as combiners for joining laser sources and other beam guidance components. The most important target groups of JK Lasers include machine manufacturers for laser-cutting applications and for additive manufacturing.
JK Lasers headquarters in Rugby are only a few hours' drive away from the headquarters of SPI Lasers in Southampton. Rugby will act as an additional production and development center for fiber lasers and optical components.
Sources:
http://www.trumpf.com/nc/en/press/press-releases/press-release/rec-uid/269948.html
http://gsig.investorroom.com/2015-04-15-GSI-Group-Sells-JK-Lasers-for-31-5-Million
John Wallace | Senior Technical Editor (1998-2022)
John Wallace was with Laser Focus World for nearly 25 years, retiring in late June 2022. He obtained a bachelor's degree in mechanical engineering and physics at Rutgers University and a master's in optical engineering at the University of Rochester. Before becoming an editor, John worked as an engineer at RCA, Exxon, Eastman Kodak, and GCA Corporation.