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Business News
04 Aug 20
China demand helps offset Covid-19 impact at IPG Photonics

Fiber laser firm reports better-than-expected quarterly financial results but near-term outlook remains uncertain.

03 Aug 20
Agricultural solar panel developer Insolight raises CHF 5M

EPFL spin-off backed by Swiss investors – on top of a CHF 10 M EU grant from HIPERION consortium.

30 Jul 20
Cognex swings to rare loss on Covid-19 impact

But the machine vision company will pay out another $10M shareholder dividend and expects revenues to bounce back in the current quarter.

28 Jul 20
Lumibird seeks medical recovery as like-for-like sales fall 17%

French firm hopes that expanding medical laser business will help it bounce back from the impact of the pandemic.

28 Jul 20
Orders down at Trumpf as Covid-19 'catalyzes' automotive slump

Laser giant also posts 8% decline in sales in preliminary results for latest financial year.

22 Jul 20
Teledyne Technologies second quarter sales dip 5% on Q2, 2019

Robert Mehrabian, Executive Chairman says, "much uncertainty remains in 2020; we do not know the pace of recovery."

21 Jul 20
Trumpf and STMicro partner on ultra wideband positioning systems

As part of deal, Trumpf also selling stake in BeSpoon, a developer of software and UWB chips for indoor localization.

15 Jul 20
ASML snaps up Berliner Glas as EUV orders near €10BN

CEO says business operations returned to normal in recent weeks; now expects 'growth year' in 2020.

09 Jul 20
ams finally seals Osram deal

Long-running acquisition saga comes to fruition following European Commission approval.

07 Jul 20
Smart Photonics bags €35M investment

Netherlands-based photonic integrated circuit (PIC) wafer foundry backed for expansion by local venture group.

07 Jul 20
Jenoptik set to expand again with Trioptics acquisition

Two-stage deal to buy optics metrology firm is expected to complete by the end of next year.

02 Jul 20
Trumpf takes SPI Lasers further under its wing

SPI products now available via Trumpf sales channels following rebranding of UK-headquartered fiber laser subsidiary.

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