21 Dec 2007
One of the world's leading laser manufacturers has added Nufern’s specialty fiber and fiber laser business to its product portfolio.
Rofin-Sinar has bought Nufern, the world's largest independent manufacturer of specialty fibers and fiber laser modules, for an undisclosed sum. The all-cash transaction is expected to be closed in the first quarter of 2008.
"This is a very important acquisition for Rofin-Sinar, not only because we are adding new products to our portfolio but also because we are further strengthening our technology base and enhancing the vertical integration needed to economically manufacture fiber lasers," said Gunther Braun, Rofin-Sinar’s president and CEO. "We are confident that the talents and skills of Nufern will contribute to the future success of our Group."
According to the deal, Nufern will continue to operate as a stand-alone company and will provide its products to its existing customers, including other laser manufacturers. Based in Connecticut, US, Nufern has around 70 employees and markets its products to OEMs through its own sales network and distributors.
Founded in 2000, Nufern has built is business on selling standard fibers and custom fiber solutions, as well as fiber laser modules for use in material processing and the telecommunications, military and defense industries. Earlier this year, Nufern launched its first industrial CW fiber laser, which delivers an output power of 200 W.
"Nufern is proud to team with Rofin, a market leading industrial laser manufacturer, with a strong worldwide presence," said Nufern president Martin Seifert."This transaction facilitates the maturing of our technologies and will propel and support Nufern in becoming a significant leader in the global fiber laser market."