Laser Industry Report

June 1, 2000
Tyco Electronics adds LDI to its Fiber Division; Cree expands LED scope with Nitres acquisition; and more.

Tyco Electronics adds LDI to its Fiber Division

Tyco Electronics (Harrisburg, PA) has reached an agreement to acquire Laser Diode Inc. (LDI; Edison, NJ), which will become part of the Tyco Electronics Fiber Optic Division. Terms of the acquisition were not disclosed, but the heads of both organizations made strong positive statements. Robert Leggett, vice president of the Fiber Optic Division described LDI's optoelectronics products and packaging expertise as an "excellent complement" to its line of active products, such as MT-RJ SFF/SFP transceivers. LDI president Maurice Murphy said, "Tyco's size and strategic focus on the fiberoptics market are exactly what is needed to continue our growth."

Cree expands LED scope with Nitres acquisition

Cree (Durham, NC) is buying Nitres (Westlake Village, CA) by acquiring all outstanding and vested shares of Nitres stock in exchange for 1.5 million shares of Cree common stock in a pooling-of-interests transaction. Cree will issue 350,000 unvested Cree shares in exchange for unvested Nitres shares and will assume all outstanding Nitres stock options and warrants. Cree will also take a one-time charge of $3.5 million. Nitres is to become a wholly owned subsidiary called Cree Lighting Company. There will be no change to the way Nitres serves its customers, says Fred Blum, president and chief executive officer of Nitres. Cree and Nitres are both research-intensive companies that make GaN-based LEDs.

Rofin-Sinar acquires Baasel and boosts market share

Rofin-Sinar (Hamburg, Germany) has agreed to purchase 90.01% of the share capital of Carl Baasel Lasertechnik (Munich, Germany) from Mannesmann Demag Kraus-Maffei AG for $40 million in cash. Baasel produced about 800 lasers last year primarily for applications in marking, fine cutting and welding, sheet-metal cutting and welding, laser perforation, and medical applications. Combined revenues for Rofin-Sinar and Baasel during 1999 would have been about $190 million, ranking them among the world's largest producers of industrial lasers and laser-based advanced manufacturing systems.

Uniroyal expands opportunities with Sterling silicon carbide

Uniroyal Technology Corp. (Sarasota, FL) has agreed to acquire the capital stock of Sterling Semiconductor (Sterling, VA) for almost 1.5 million shares of Uniroyal common stock and the assumption of about $4 million of Sterling's long-term debt. Sterling produces and sells single-crystal silicon carbide substrates as well as epitaxial thin films on silicon carbide substrates. Uniroyal manufactures high-brightness light-emitting diodes. The acquisition "creates a variety of opportunities for expansion into devices that solve common problems in high-frequency communications, high-temperature, high-power, and optoelectronics applications," said Howard Curd, Uniroyal chairman and CEO.

German laser companies merge to expand internationally

Lasos Laser-Fertigung (Jena, Germany) has acquired another German laser company, BremLas Lasertechnik (Bremen, Germany). BremLas makes diode-pumped solid-state lasers. Lasos' expertise lies in the more-traditional gas-laser technology. The combined company, which will be called Lasos Lasertechnik, will look to expand its international customer base. Lasos has predominantly operated in Europe, but BremLas already has some established US customers.

Also in the news . . .

Prima Industrie (Turin, Italy) has signed a letter of intent for the proposed acquisition of Convergent Energy (Sturbridge, MA). . . . Lambda Physik, a subsidiary of Coherent Laser Group, is doubling its production capacity for lasers used to make telecom components. . . . Fairchild Semiconductor International has announced an agreement to acquire QT Optoelectronics Inc. (Sunnyvale, CA) for approximately $100 million, to be paid mainly in Fairchild stock . . . Micronic Laser Systems AB is planning an expansion of office space and production facilities in Näsby Park, Täby (Sweden).

Hassaun Jones-Bey

For more business news, subscribe to Optoelectronics Report. Contact Jayne Sears-Renfer at [email protected].

Sponsored Recommendations

How Precision Motion Systems are Shaping the Future of Semiconductor Manufacturing

March 28, 2024
This article highlights the pivotal role precision motion systems play in supporting the latest semiconductor manufacturing trends.

Understanding 3D Printing Tolerances: A Guide to Achieving Precision in Additive Manufacturing

March 28, 2024
In the world of additive manufacturing, precision is paramount. One crucial aspect of ensuring precision in 3D printing is understanding tolerances. In this article, we’ll explore...

Automation Technologies to Scale PIC Testing from Lab to Fab

March 28, 2024
This webinar will cover the basics of precision motion systems for PIC testing and discuss the ways motion solutions can be specifically designed to address the production-scale...

Case Study: Medical Tube Laser Processing

March 28, 2024
To enhance their cardiovascular stent’s precision, optimize throughput and elevate part quality, a renowned manufacturer of medical products embarked on a mission to fabricate...

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!