Rofin-Sinar Laser has acquired 80 per cent of the common stock of m2k-laser, in a cash transaction. The remaining 20 per cent is still held by the Fraunhofer Gesellschaft and two former founders, including Dr Marc Kelemen, who will be the managing director.
Despite the acquisition, m2k will continue to operate as a stand-alone company. ‘Being part of a larger company opens up new resources to enhance the development of cutting edge technology in our field,' said Dr Kelemen
Under two separate additional agreements, Rofin-Sinar will pay for information on manufacturing techniques and for the use of the existing infrastructure of the Fraunhofer IAF Institute in Freiburg. The move is hoped to increase Rofin-Sinar’s range of products and strengthen its position in the components market.
m2k-laser was founded in 2001 as a spin-off of the Fraunhofer Institute of Applied Solid-State Physics and develops and manufactures GaAs and GaSb semiconductor lasers for scientific research.