TRUMPF completes acquisition of Philips Photonics
April 1st 2019
TRUMPF Photonic Components to become new business division // Investment in fast-growing markets for photonics and digital products
Ditzingen, April 1, 2019 – Effective as of April 1, 2019, high-tech company TRUMPF will complete the acquisition of Photonics GmbH from Philips, which it had announced in December 2018. The acquisition will establish a new business division called TRUMPF Photonic Components, which will be headed up by Lutz Aschke and Joseph Pankert. Lutz Aschke has been CFO of Laser Technology at the TRUMPF Group since 2016, while Joseph Pankert has been General Manager of Philips Photonics since 2009.
Through the acquisition, TRUMPF will gain access to a new market segment that will complement its existing high-power diode laser business. Philips Photonics’ laser diodes are used in smartphones, in digital data transfer applications and in sensors for autonomous driving.
Founded in 2000, Photonics GmbH has around 280 employees and is headquartered in Ulm, where it manufactures laser diodes in a dedicated production plant. Now, it is set to continue growing as part of TRUMPF, an innovative high-tech company with strong product development expertise.
In the fiscal year 2017/18, TRUMPF invested almost 340 million euros in research and development and posted a ratio of R&D expenditure to sales of 9.5 percent.
The high-technology company TRUMPF offers production solutions in the machine tool and laser sectors. It is driving digital connectivity in manufacturing industry through consulting, platform and software offers.TRUMPF is the world technological and market leader for machine tools used in flexible sheet metal processing, and also for industrial lasers.
In 2017/18, the TRUMPF Group – which has about 13,400 employees – achieved sales
of 3.6 billion euros. With over 70 subsidiaries, it is represented in nearly all the countries of Europe, North and South America, and Asia. It has production facilities in Germany, France, Great Britain, Italy, Austria, Switzerland, Poland, the Czech Republic, the USA, Mexico, China and Japan.
For more information about TRUMPF go to www.trumpf.com
|Rainer Berghausen||Athanassios Kaliudis|
|Head of Group Communications||Spokesperson Laser Technology|
|+49 7156 303-31720||+49 7156 303-31559|
TRUMPF GmbH + Co. KG, Johann-Maus-Str. 2, 71254 Ditzingen, Deutschland