"This is a very important acquisition that integrates core technology for the rapidly growing markets for semiconductor and fiber lasers," stated Scott Keeney, nLight's president and CEO. "Combining the nLight and Liekki product portfolios will bring compelling solutions to our industry. We highly value the Liekki team and their operational excellence."
"The combination of our technology and teams will provide customers with a complete supply chain from semiconductor lasers and fibers to optical modules," commented William Willson, managing director of the fiber division.
The transaction is subject to customary closing conditions and is expected to be complete in the fourth quarter of 2007.