Focuslight completes acquisition of micro-optics maker LIMO
“Focuslight and LIMO are highly complementary in technology and products,” says Victor Liu, president and CEO of Focuslight.
Image. Headquarters of Focuslight Technologies in Xi'an, China. Courtesy Focuslight.
High-power laser diode maker Focuslight Technologies (Xi’an, China; NEEQ: 835243) has completed its acquisition of LIMO Lissotschenko Mikrooptik (Dortmund, Germany), a supplier of micro-optics and beam shaping systems. The transaction was funded by issuing shares of stock to investors.
“Focuslight and LIMO are highly complementary in technology and products,” says Victor Liu, president and CEO of Focuslight. “With the combination of our expertise in diode laser technology with LIMO’s world-leading micro-optics beam shaping technology, we will offer our customers highly enhanced and well-tailored laser solutions, a much broader product portfolio, and more versatile customization services.”
Liu says that Focuslight, founded in 2007, plans to invest and further strengthen LIMO’s optical technologies, products, and solutions in key industries, such as semiconductor manufacturing, flat-panel display production, medical device manufacturing, and the automotive industry.
LIMO was founded in 1992 and employs a team of more than 200 engineers, physicists, technicians, and other specialized staff. Recently the company has expanded its optics portfolio to 3D free-form surfaces for use in various laser, imaging, and sensor applications. LIMO produces optical components in a wafer-based batch process, making it possible to cost-effectively manufacture several thousand lenses in a single step.
Vitalij Lissotschenko, the owner of LIMO, said, “I am pleased to put LIMO in the good hands in Dr. Liu and the Focuslight team. I am confident the combination of Focuslight and LIMO will be a win-win situation for both companies.”
Guido Bonati, CEO of LIMO, added, "This transaction will give LIMO more financial flexibility to develop innovative technologies, reduce cost by additional capital investment, and help LIMO exploit new markets and new applications”