M&A Deal Summary

SPI Lasers Acquires JK Lasers

On April 15, 2015, SPI Lasers acquired electrical equipment company JK Lasers from Novanta for 32M USD

Acquisition Highlights
  • This is SPI Lasers’ 1st transaction in the Electrical Equipment sector.
  • This is SPI Lasers’ largest (disclosed) transaction.
  • This is SPI Lasers’ 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2015-04-15
Target JK Lasers
Sector Electrical Equipment
Buyer(s) SPI Lasers
Sellers(s) Novanta
Deal Type Divestiture
Deal Value 32M USD

Target

JK Lasers

Rugby, United Kingdom
JK Lasers Ltd. is a developer and manufacturer of industrial lasers, including industrial fiber lasers that are used to perform cutting, welding, drilling, and additive manufacturing functions in material processing applications.

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Buyer(S) 1

Buyer

SPI Lasers

Southampton, United Kingdom
Category Company
Founded 2000
Sector Electrical Equipment
Employees172
DESCRIPTION

SPI Lasers plc is a designer and manufacturer of Fiber Lasers for use in materials processing applications in a wide range of industries.

DEAL STATS #
Overall 1 of 1
Sector (Electrical Equipment) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Novanta

Bedford, Massachusetts, United States
Category Company
Founded 1968
Sector Technology Hardware
Employees2,900
Revenue 882M USD (2023)
DESCRIPTION

Novanta is a provider of core technology solutions that give medical and advanced industrial original equipment manufacturers a competitive advantage. The Company combines deep proprietary technology expertise and competencies in precision medicine and manufacturing, medical solutions, and robotics and automation with a proven ability to solve complex technical challenges. Novanta was founded in 1968 and is based in Bedford, Massachusetts.

DEAL STATS #
Overall 4 of 4
Sector (Electrical Equipment) 3 of 3
Type (Divestiture) 3 of 3
Country (United Kingdom) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-28 Continuum Electro-Optics

San Jose, California, United States

Continuum Electro-Optics, Inc. offers high-energy, solid-state lasers and ultrafast lasers used in scientific, industrial and commercial applications such as spectroscopy, materials analysis and diagnostics.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-04 Lincoln Laser

Phoenix, Arizona, United States

Lincoln Laser Co. is a provider of ultrafast precision polygon scanners and other optical scanning solutions. It develops, manufacturers and supplies scanning components, spindles, optics and Electro Optic modules, while maintaining high quality standards with exceptional customer service.

Buy $11M
Mergr

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