EO Technics acquires Powerlase
As part of the acquisition EO Technics has established a new wholly owned subsidiary company, named Powerlase Photonics Ltd, to take over the business.
EO Technics Co., Ltd., a developer and manufacturer of laser based equipment in the fields of semiconductor, microelectronics, PCB, FPD, PV, and general industries, has acquired the Powerlase laser business and assets.
Powerlase Ltd, based in Crawley, West Sussex, United Kingdom, is an award winning developer of high powered, nanosecond, Q-switched diode-pumped solid-state lasers with established customers in the PV, LCD, PDP, EUV, semiconductor, microelectronics, and micro-machining markets.
As part of the acquisition EO Technics has established a new wholly owned subsidiary company, named Powerlase Photonics Ltd, to take over the business. Powerlase Photonics Ltd will be based in Crawley and inherits all of the business activities (excluding liabilities), assets, employees, and outstanding orders, from Powerlase Ltd.
The new company will retain the Powerlase and Starlase brand names as part of the agreement and will operate the business independently from the parent company. Members of the current Powerlase Ltd management team will transfer to Powerlase Photonics Ltd to run the business.
"Powerlase Photonics is excited to be a part of EO Technics, a worldwide leader in laser based technology," commented Les Lockwood CEO of Powerlase Ltd. "Being part of EO Technics gives Powerlase Photonics the financial stability to continually provide new and existing customers with innovative, highly reliable Starlase products together with the outstanding customer support already associated with the Powerlase name."
"We are very pleased to add Powerlase to EO Technics, as we have found a reliable partner with expertise in the manufacture of high powered laser technology. Through this acquisition, Powerlase fits perfectly within the EO Technics group of companies. We are confident that the talent and skills of Powerlase's employees will further strengthen our position in global market." commented Kyu-Dong Sung, CEO and president of EO Technics.
Additional information is available on EO Technics' home page: www.eotechnics.com.