IPG Photonics acquires Photonics Innovations, enters mid-IR laser space
Fiber-laser manufacturer IPG Photonics Corporation(Oxford, MA) has acquired the outstanding shares of privately-held Photonics Innovations, Inc. (PII; Birmingham, AL), which makes active and passive laser materials and tunable lasers for scientific, biomedical, technological, and eyesafe range-finding applications. The acquisition allows IPG to expand its product offerings to the mid-IR (approximately 2 to 5 microns). PII’s core capabilities include novel optical and laser materials fabrication, solid-state and tunable laser design, and optical and sensing systems development. The acquisition is expected to have no material effect on IPG’s financial results for the remainder of the year. Financial terms were not disclosed.