23 Mar 2005
JDSU takes a bigger stake in the solid-state laser market by acquiring Lightwave Electronics for $65 million.
JDS Uniphase (JDSU), a provider of laser components and sub-systems, is to acquire Lightwave Electronics, a manufacturer of diode-pumped solid-state lasers, for $65 million in cash. By expanding into the mid- to high-power laser sector, JDSU hopes to broaden its customer base in a growing solid-state laser market.
"We have seen an acceleration in the market driven by a number of factors such as the demand for smaller size, high power lasers for portable and hand-held devices," JDSU director of communications Enzo Signore told Optics.org. "There is a big transition [taking place] as users migrate from gas phase lasers to solid-state lasers and Lightwave Electronics has expertise in this area."
Retaining their branding, Lightwave's mid- to high-power solid-state lasers will complement JDSU's existing product range that includes helium-neon and argon-ion gas lasers, industrial laser diodes, fiber lasers and low-power solid-state lasers. Application areas include biotechnology, materials processing, remote sensing and semiconductor manufacturing.
Lightwave's 120 employees will move from its Mountain View site to the nearby JDSU facility in San Jose, California. The new business area will be led by Lightwave CEO Phillip Meredith and the acquisition is expected to complete in the second quarter of this year.