Lumibird has acquired Prima Industrie's Convergent Photonics operations to strengthen its presence in high-power laser technology and expand into the North American market.
Target Information
On May 15, 2023, Lumibird, a prominent European leader in laser technologies, reached an agreement to acquire specific assets from Prima Industrie, an Italian company specializing in high-power laser and semiconductor technologies. This acquisition involves Lumibird purchasing its subsidiary, Convergent Photonics, based in Turin, Italy, as well as the Convergent operations of Prima Industrie North America located in Boston, USA.
This strategic acquisition positions Lumibird to enhance its capabilities in high-power semiconductor and fiber lasers, unlocking new market opportunities in the rapidly evolving laser technology sector.
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Industry Overview
The laser technology industry in Italy and the broader European market has shown significant growth, fueled by increasing demand in various sectors, including telecommun
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