Business news
For the latest business news in the photonics industry go to
www.electrooptics.com/business
Toptica sells Till Photonics for 14.5
million euros
Instrumentation company Fei has bought Munich, Germany-based Till Photonics from fibre and diode laser maker Toptica for €14.5 million. Till provides high-
resolution digital light microscopes and high- speed imaging systems for live cell microscopy and is expected to have revenues of €8 million this calendar year. Fei, an Oregon-based firm, provides imaging and analysis systems. Till was founded in 1993
by professor Rainer Uhl at Munich University. Till’s office and 40 staff are still located in Munich. In 2009 Toptica Photonics became a major shareholder. Dr Thomas Weber, a co-founder and president of Toptica Photonics, said: ‘While Till was looking for interesting OEM opportunities, the initiative Fei offered us is a significant financial return, which will strengthen our own future growth.’ With Fei’s acquisition of Till and its correlative microscopy technology for cellular biology, the Oregon firm plans to accelerate the growth of its life sciences business. Fei’s goal is to double the size of its market in the next three years.
4
prophotonix posts 22 per cent increase in revenues
Laser diode module manufacturer Prophotonix has announced a 22 per cent year-to-date increase in revenue over 2010, achieving $13.5m. Much of the growth from 30 September 2010
to November 2011 came from a revenue increase of 41 per cent in the LED market. Of the market sectors Prophotonix serves, the industrial sector generated the largest percentage of the revenue with 71 per cent, followed by medical at about 17 per cent and homeland security and defence at around 9 per cent. Geographically, the revenue split was 57 per cent from Europe, 33 per cent from North America and 10 per cent from the rest of the world. Prophotonix’s third-quarter results also saw a rise, but it did not quite match the year-to- date figures. The third quarter 2011, ending 30 September, saw a 16 per cent increase over 2010. ‘We delivered a strong third quarter with 16 per cent revenue growth,’ said Prophotonix’s chief executive officer and chairman Mark Blodgett. ‘Several milestones were met during the quarter including reaching break even operating profitability and a significant improvement in EBITDAr [earnings before interest, taxes, depreciation, amortisation and rent] profitability.’ The third-quarter revenue breakdown
in Brief
swedish diode-pumped solid-state laser manufacturer Cobolt has expanded its clean-room production facilities by 40 per cent and invested in new manufacturing and test equipment.
percentages for market sectors and geography are similar to the year-to-date figures with the industrial sector and Europe leading the growth. The company faces the fourth quarter and 2012 with order bookings of $13.9 million. Prophotonix has also raised $5.1 million with the placement of new common shares with institutional investors.
innoLas Laser is acquiring Advanced Optical Technology’s complete short-pulse product line. Advanced optical technology’s short-pulse products are compact short-pulse solid state lasers operating with high energy in the UV, visible and near infrared.
ElEctro optics l DECEMBEr 2011/JANUArY 2012
laser manufacturer Power Technology is expanding its laser diode production capacity in the UsA, following thailand’s disastrous flooding. thai laser diode module contract manufacturers have been flooded and are unable to produce anything.
Telops has signed a partnership agreement with environmental data specialist Noveltis to develop services for monitoring air pollution. Noveltis will offer a solution for the measurement of pollutant emissions based on the telops Hyper-cam.
www.electrooptics.com
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