March 14, 2013

IPG Grows UV Laser Development With Acquisition

Oxford-based IPG Photonics announced it has acquired a privately-held California company, Mobius Photonics.

Mobius, whose revenue from operations was $1.4 million in 2012, provides high-power pulsed ultraviolet (UV) fiber lasers for micromachining, such as dicing and scribing of wafers, and through drilling and solar hybrid panel processing.

"The acquisition of Mobius Photonics will augment our current development efforts in UV fiber lasers to quickly penetrate the UV laser market, which we believe could be a significant sales driver for IPG in the coming years. Mobius has deep expertise in UV lasers, a strong patent portfolio and proprietary techniques relating to UV lasers," said IPG's CEO, Valentin Gapontsev.

The purchase also gives IPG the rights to Mobius patents, licenses and trade secrets.

Financial details of the deal were not disclosed. Mobius employees will join IPG's Silicon Valley Technology Center.

Read more

IPG Keeps Rolling, But Analysts See Growth Slowing

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