SPI sells CO2 laser business to focus on fiber lasers
SPI Lasers completed the sale of its carbon-dioxide (CO2) laser business to Suzhou Tianhong Laser in China.
On 20 October 2015, fiber laser manufacturer SPI Lasers (Southampton, England), a wholly owned subsidiary of the Trumpf Group, completed the sale of its carbon-dioxide (CO2) laser business to Suzhou Tianhong Laser (Suzhou, China).
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Having acquired JK Lasers from GSI in April 2015, SPI Lasers also acquired their established CO2 business. As a leading provider of fiber lasers with challenging strategic goals in this market, the company says a decision was made to remain focused on their core fiber products, and an agreement has been reached to sell the CO2 business to Suzhou Tianhong Laser, while ensuring that existing customers continue to receive the exceptional levels of service and support they have become accustomed to.
Thomas Fehn, CEO, SPI Lasers, said, "I am pleased we have found an organisation in SUZHOU TIANHONG LASER that will continue the CO2 Lasers business previously provided by JK Lasers. I know the team at SUZHOU TIANHONG LASER is dedicated to providing the very best service for new and existing customers in the CO2 Laser business, I wish them every success in the future."
SPI Lasers will continue to sell and develop its innovative suite of industrial CW redPOWER and Pulsed redENERGY fiber lasers via its comprehensive global distribution network.
SOURCE: SPI Lasers; http://www.spilasers.com/Company/Press_Release.aspx?