RAITH Group has acquired Xnovo Technology ApS to strengthen its software capabilities and expand its offerings in nanotechnology.
Target Information
RAITH Group, a prominent developer and manufacturer in the maskless nanofabrication sector, has announced the acquisition of Xnovo Technology ApS. Xnovo is an innovative firm specializing in advanced imaging methods and materials characterization, established in 2012 as a spin-out from Denmark Technical University (DTU). Headquartered in Køge, Denmark, Xnovo is led by Dr. Erik Lauridsen and Dr. Christian Holzner and employs a team of 32 professionals.
Industry Overview in Denmark
Denmark’s technology sector is renowned for its emphasis on innovation and sustainability, particularly in fields like nanotechnology and materials science. The country is home to several world-class research institutions and has a conducive environment for startups and tech ventures. This has led to the emergence of numerous companies specializing in cutting-edge technologies, making Denmark a hub for technological advancements.
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Moreover, the Danish government actively supports the tech industry through funding initiatives and policies aimed at fostering research and development
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in a Merger deal