LUMIBIRD COMPLETES THE ACQUISITION OF SAAB GROUP’S DEFENSE LASER RANGEFINDER BUSINESS
31 Mai 2022 - 05:45PM
LUMIBIRD COMPLETES THE ACQUISITION OF SAAB GROUP’S DEFENSE LASER
RANGEFINDER BUSINESS
Lannion, May 31, 2022 – 5:45pm
LUMIBIRD COMPLETES THE
ACQUISITION OF SAAB
GROUP’S DEFENSE LASER
RANGEFINDER BUSINESS
LUMIBIRD, the
European leader for laser technologies,
has completed on May 31 with the
Swedish company Saab
the
acquisition of its
defense laser rangefinder
business. This acquisition will
contribute to
consolidating
the Lumibird Group’s
position on the European defense market.
Lumibird today completes the acquisition of
Saab’s defense laser rangefinder business, after the satisfaction
of all conditions precedent, in particular the obtention of the
required regulatory approvals. The new subsidiary, named Lumibird
Photonics Sweden, is based in Göteborg (Sweden) and represented
over € 10 m of revenues in 2021.
Through this acquisition, Lumibird offers its
European Defense sector clients a wider selection of lasers and
rangefinders, from short to long range, with increased market
coverage. This acquisition also opens up immediate access for all
the products to a broader panel of European clients.
The acquisition of this business, which Lumibird
has known as a key component supplier for Saab for over 15 years,
represents a first step towards a consolidation of the European
defense lasers and rangefinders market, and is fully aligned with
the Lumibird Group’s 2021-2023 strategic plan.
Next date:
first-half 2022 revenues on July 25, 2022 (after
close of trading)
LUMIBIRD is one of the world's leading
specialists in lasers. With 50 years of experience and a mastering
of solid state laser, laser diodes and fiber laser technologies,
the Group designs, manufactures and markets high performance lasers
for scientific (laboratories and universities), industrial
(manufacturing, defense, Lidar sensors) and medical (ophthalmology,
ultrasound diagnostic) markets.
Born from the combination of Keopsys Group with
Quantel in October 2017, LUMIBIRD has more than 940 employees and
over €162 million of consolidated revenues in 2021 and is
present in Europe, America and Asia.
LUMIBIRD shares are listed on the
Euronext Paris B Compartment. FR0000038242 –
LBIRD www.lumibird.com
- 220531Lumibird_Closing_SAAB_EN
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