Sigma Labs Inc (SASI): WOW! TRUMPF focuses on new business f...

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Tuesday, 12/18/2018 9:42:27 PM

Tuesday, December 18, 2018 9:42:27 PM

WOW!

TRUMPF focuses on new business fields such as sensor technology and photonics for data transmission // Biggest acquisition to date since acquisition of JFY in China in 2013

Ditzingen, December 17, 2018 – The high-tech company TRUMPF is acquiring 100 percent of Photonics GmbH from Philips, headquartered in Ulm, Germany. This opens up a new market segment for TRUMPF in addition to its existing business with high-power diode lasers and expands its product portfolio. Laser diodes from Philips Photonics are used, for example, in smartphones, in digital data transmission, and in sensors for autonomous driving. Photonics GmbH employs around 280 people.

Acquiring companies who specialize in photonics and data transmission....hmm....

Completes 2Q 2019.

Fun times ahead.

Glta
SGLB

https://www.trumpf.com/en_INT/company/press/global-press-releases/press-release-detail-page/release/trumpf-acquires-laser-diode-division-of-philips/

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