M&A Deal Summary

Lumentum Acquires IPG Photonics - Telecom Transmission Product Lines

On August 15, 2022, Lumentum acquired electrical equipment company IPG Photonics - Telecom Transmission Product Lines from IPG Photonics

Acquisition Highlights
  • This is Lumentum’s 1st transaction in the Electrical Equipment sector.
  • This is Lumentum’s 4th transaction in the United States.
  • This is Lumentum’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2022-08-15
Target IPG Photonics - Telecom Transmission Product Lines
Sector Electrical Equipment
Buyer(s) Lumentum
Sellers(s) IPG Photonics
Deal Type Divestiture

Target

IPG Photonics - Telecom Transmission Product Lines

Oxford, Massachusetts, United States
IPG Photonics' Telecom Transmission Product Lines provides transceiver product lines and ASIC.

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Buyer(S) 1

Buyer

Lumentum

San Jose, California, United States

Category Company
Founded 2015
Sector Electrical Equipment
Employees7,500
Revenue 1.8B USD (2023)
DESCRIPTION

Lumentum is a manufacturer of innovative optical and photonic products enabling optical networking and commercial laser customers worldwide. Lumentum's optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum's commercial lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities. Lumentum is headquartered in Milpitas, California with R&D, manufacturing, and sales offices worldwide. Lumentum Holdings was founded in 2015 and is based in San Jose, California.


DEAL STATS #
Overall 4 of 5
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 4 of 4
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-04 Neophotonics

San Jose, California, United States

Neophotonics is a designer and manufacturer of hybrid photonic integrated optoelectronic modules and subsystems for bandwidth-intensive, high-speed communications networks. Neophotonics was founded in 1996 and is based in San Jose, California.

Buy $918M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 CloudLight

Hong Kong, China

CloudLight designs, markets, and manufactures advanced optical modules for datacenter interconnect and optical sensor for automotive applications. CloudLight was founded in 2018 and is based in Hong Kong, China.

Buy $750M

Seller(S) 1

SELLER

IPG Photonics

Marlborough, Massachusetts, United States

Category Company
Founded 1990
Sector Electrical Equipment
Employees6,180
Revenue 1.3B USD (2023)
DESCRIPTION

IPG Photonics is a developer and manufacturer of diode-pumped high-performance fiber lasers and amplifiers that enable a growing number of applications, including materials processing, medical, aerospace, medical and others. IPG's products are cost-effective and superior in performance, reliability and energy efficiency because of IPG's proprietary technology platform, materials science expertise and vertically integrated manufacturing operations. IPG Photonics was founded in 1990 and is based in Marlborough, Massachusetts.


DEAL STATS #
Overall 2 of 2
Sector (Electrical Equipment) 2 of 2
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Genesis Systems Group

Davenport, Iowa, United States

Genesis Systems Group LLC is a provider in the integration of robotic welding and automation solutions. Genesis robotic systems integrator for more than 300 blue-chip customers in the transportation, aerospace and industrial end markets. Genesis Systems Group LLC was founded in 1983 and is based in Davenport, Iowa.

Buy $115M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-02 Clean-Lasersysteme

Herzogenrath, Germany

Clean-Lasersysteme specializes in developing and producing high-precision laser systems for industrial surface cleaning and treatment. Clean-Lasersysteme was founded in 1997 and is based in Herzogenrath, Germany.

Buy -