Lasers ♦ news digest
of several investors, including those of Fonds Stratégique d’Investissement (FSI) for which 3S Photonics had been one of its first investments.
Eurazeo will also be investing in a capital increase of €10 million to finance 3S Photonics’ growth, for a total equity investment of €37 million by Eurazeo. Following the equity increase, Eurazeo will hold close to 83% of 3S Photonics’ capital.
3S Photonics, formerly Alcatel Optronics, manufactures optical and opto-electronic components for submarine telecoms applications, the company’s historical core business, as well as for terrestrial telecoms applications. The company is active in two high-growth global markets, high- speed telecoms networks and industrial fibre lasers, supplying products for industrial, medical and defence applications.
The company has two production centres, virtually unique in the world; one in France specialised in the manufacture of laser chips and the other in Canada producing optical fibres.
3S Photonics generated revenues of €51 million in Fiscal 2011 (ended June 30, 2011) and employs approximately 400 people.
Eurazeo will help 3S Photonics consolidate its position in its traditional telecoms markets and broaden its presence in the industrial laser market. It will be supporting the company’s external growth policy, including through future reinvestment.
Fabrice de Gaudemar, Eurazeo Executive Board member responsible for Eurazeo Croissance, said, “We are pleased to be making this investment which reflects our intention to contribute to accelerating the growth of high potential companies. Eurazeo continues to play its role as a professional and responsible shareholder supporting strong SME development. We will be supporting Alexandre Krivine and his team, continuing the work begun with the help of FSI to make 3S Photonics a true global leader in the opto-electronic components market.”
Alexandre Krivine, President of 3S Photonics, added, “We are gratified by Eurazeo’s entry into our capital structure. With their support, we look forward to accelerating our organic and external growth and seizing opportunities offered by the international
consolidation of our industry.”
Thierry Sommelet, Director of Investment of FSI, commented, “FSI’s intervention in 2009 facilitated a first round of financing, helping to enable 3S Photonics’ acquisition of Avensys. We are pleased that 3S Photonics will be able to continue its development with the support of a recognized leader in France’s private equity industry.”
Northrop Grumman announces QCL for Its CIRCM offering
The Quantum Cascade Laser (QCL)-based solution, which is composed of III-V compound semiconductors, is claimed to offer warfighters the most mature aircraft protection available in an open architecture package.
Northrop Grumman Corporation and Daylight Solutions have announced the successful integration and test of the Solaris QCL-based system into the Northrop Grumman offering for the United States Army’s mission-critical Common Infrared Countermeasures (CIRCM) program.
Timothy Day, chairman and CEO of Daylight Solutions, Paul Larson, president, COO, Daylight Solutions, Carl Smith, vice president of infrared countermeasures for Northrop Grumman, and Jeffrey Palombo, vice president and general manager of Northrop Grumman’s Land and Self Protection Systems Division, unveil the companies’ CIRCM laser and pointer- tracker offering.
The result of a multiyear effort by a Northrop Grumman-Daylight Solutions team, the Solaris laser is part of a fully compliant and mature CIRCM
November/December 2011
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