SPI lasers, a producer of fiber lasers intended for the manufacturing industry, has successfully acquired small, West Midlands laser counterpart JK Lasers in a multi-million pound deal.
SPI Lasers has completed the acquisition of JK Lasers based in Rugby at a cost of $31.5m (£21.3m).
With almost 100 employees and annual sales of €17.6m , JK Lasers is one of the world’s leading manufacturers of high-power fiber lasers for industrial use.
JK Lasers (formerly a member of the GSI Group), has more than 40 years of experience in laser development. With its core competence being in the development of fiber lasers with outputs up to four kilowatts, as well as combiners for joining laser sources and other beam guidance components.
The acquisition will see JK Lasers, its products, offices and an additional 42,000 sq ft of floor space incorporated under the single brand of ‘SPI Lasers’, with its UK site in Rugby continuing to operate as an additional production, development and customer service centre for fiber lasers and optical components.
The expanded product range will see SPI Lasers move into the field of multi kW systems, as well as utilising a number of additional JK Lasers products to enhance their levels of vertical integration.
SPI Lasers CEO Dr Christian Schmitz commented: “We are very excited about the prospects ahead as we blend the considerable talents and technology of SPI Lasers and JK Lasers. Our focus of course remains on putting our customers at the heart of everything we do, producing high quality, reliable and flexible Lasers designed to suit their needs.”
It has been confirmed that SPI Lasers will continue to support and enhance many of JK Lasers existing products.