Combined group to offer lasers for medical, electronics, academic and luxury goods markets.
Build-out of 5G networks and related handsets helps fiber and semiconductor laser firm to post highest-ever quarterly revenues.
But emergence of 5G and flexible smart phones with organic LED screens offers hope of sustainable recovery.
Fiber laser firm reports better-than-expected quarterly financial results but near-term outlook remains uncertain.
EPFL spin-off backed by Swiss investors – on top of a CHF 10 M EU grant from HIPERION consortium.
But the machine vision company will pay out another $10M shareholder dividend and expects revenues to bounce back in the current quarter.
French firm hopes that expanding medical laser business will help it bounce back from the impact of the pandemic.
Laser giant also posts 8% decline in sales in preliminary results for latest financial year.
Robert Mehrabian, Executive Chairman says, "much uncertainty remains in 2020; we do not know the pace of recovery."
As part of deal, Trumpf also selling stake in BeSpoon, a developer of software and UWB chips for indoor localization.
CEO says business operations returned to normal in recent weeks; now expects 'growth year' in 2020.
Long-running acquisition saga comes to fruition following European Commission approval.