Foss has become the main shareholder in Ibsen Photonics through a purchase of an additional 73 per cent of shares from existing shareholders. Foss now owns around 85 per cent of the shares in Ibsen. The investment reflects a growing partnership between the two companies.
Kim Vejlby Hansen, executive VP of innovation and quality at Foss and chairman at Ibsen, said: 'We have worked with Ibsen for some years now and have found their spectrometer solutions to be second-to-none. This is partly based on exceptional grating technology and optical design know-how, and partly based on Ibsen's unique resolve to collaborate with their customers to find win-win solutions. We are confident that Ibsen has the necessary backing to grow the business and be a profitable investment for Foss.'
Foss is using Ibsen's products in its analytical instruments and, by becoming main shareholder, Foss has secured the continued supply of high quality spectrometers.
'We at Ibsen see this deal as proof that superior technology combined with customer support and collaboration is the right approach to securing a long-term, profitable growth,' says Torben Jacobsen, president and CEO of Ibsen, adding: 'With the backing of the Foss group we have the muscle to further develop all our businesses – gratings, interrogation monitors and spectrometers – to support all our customers worldwide with our usual dedication.'