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Business News
30 Oct 19
Smart phone slump hits Cognex profits

Sales down 20% year-on-year as machine vision company targets growth areas in logistics and deep learning.

29 Oct 19
IPG cuts 300 jobs as sales slide again

Stock price down sharply as the Nasdaq-listed company reports subdued demand for industrial fiber laser tools.

25 Oct 19
Trumpf reports 6% sales rise in 2019, but orders fall

Sales up by 6% to €3.8B; orders down 3% to €3.7B. Company working towards CO2-neutral production by end of 2020.

23 Oct 19
Hyundai Mobis and Velodyne join forces for autonomous driving

Korean car parts giant also invests $50M in the Silicon Valley lidar firm.

22 Oct 19
Photonics tech dominates UK physics awards night

Spin-outs from Imperial College, London, and the University of Oxford among winners at Institute of Physics event.

22 Oct 19
University of Arizona venture fund backs local laser startups

Investments in three new companies covers the spectrum from deep-UV to far-infrared sources.

16 Oct 19
ASML reports surge in EUV bookings

Record-breaking quarterly orders for lithography giant, as customers book 23 extreme ultraviolet tools.

08 Oct 19
FLIR acquires tethered drone assets from Aria Insights

Deal with UAS pioneer, formerly called CyPhy Works, includes intellectual property, and multiple patents.

07 Oct 19
Osram says it will 'shape its own future' after failure of takeover bid by ams

Group to soon present an update to the latest Osram strategy; new "anchor shareholder" ams is invited to talks.

03 Oct 19
AngioDynamics acquires Eximo Medical for $66M

Eximo’s 355nm Laser Atherectomy system has received 510(k) clearance to treat Peripheral Artery Disease.

02 Oct 19
Precision Optics reports positive Q4 and 2019 results

Significantly improved sales enhanced by income from acquisition of Ross Optical, which grew customer base and defense sector capabilities.

02 Oct 19
Huber+Suhner acquires BKtel Group for CHF 50M

To strengthen its position in the WAN / Access optical networks "core markets".

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