NKT A/S Secures Danish Approval for NKT Photonics Sale to Hamamatsu Subsidiary

Posted  by GoPhotonics


NKT A/S, a leading cable and cable accessories supplier, announced to have entered into an agreement to divest NKT Photonics, a company that provides high-quality optical fiber and laser products for innovators in various fields, to Photonics Management Europe S.R.L, a 100% owned subsidiary of Hamamatsu Photonics, Japan (the Purchaser), in the company announcement no. 11 of 24 June 2022. Closing of the transaction was subject to regulatory approvals which were obtained from Germany, United Kingdom, and the United States, however, not approved in Denmark in May 2023.

In July 2023, the Purchaser refiled its application to have the transaction approved in Denmark under the Danish Investment Screening Act. The Danish Minister for Industry, Business, and Financial Affairs has now granted authorisation to the Purchaser for the transaction to proceed.

The Chair of the Board of Directors, Jens Due Olsen says, “We are pleased that the approval has been obtained and that NKT Photonics can now be divested to Hamamatsu. This will maximize the value creation and position NKT Photonics for long-term growth. For NKT, the divestment marks the final step in the process to fully focus the company on our core business within power cable solutions, where we have announced several investments in the past year to support the green transition of societies.”

About NKT Photonics

NKT Photonics is the leading supplier of high-performance fiber lasers and photonic crystal fibers. Their main markets are Medical & Life Science, Industrial, Aerospace & Defense, and Quantum & Nano Technology. The company’s products include supercontinuum white light lasers, low-noise fiber lasers, ultrafast lasers, and a wide range of specialty fibers. NKT Photonics has its headquarters in Denmark with sales and service worldwide. NKT Photonics is wholly owned by NKT A/S.

Click here to know more about cable accessories.