Datalogic S.p.A., a company listed in the STAR Segment of the Italian Stock Exchange managed by Borsa Italiana S.p.A. ('Datalogic') - automatic data capture and industrial automation solutions provider and producer of barcode readers, data collection mobile computers, sensors, vision systems and laser marking systems - has signed an agreement to acquire high power pulsed fiber laser assets and technology based on an advanced MOPA architecture of Multiwave Photonics S.A., a Portuguese company based in Porto. The transaction is worth 575,000 Euro and will be financed wholly using internal resources.
The technology developed by Multiwave Photonics S.A. is currently the most advanced in the fiber laser sector for the laser marking of objects and processing of materials, including steel, plastic and glass.
Under the terms of the agreement, the technology and assets acquired (including customers, projects, products and product-relevant know-how) will be integrated into Datalogic by the end of the current year, also through the creation of a dedicated team for product design and engineering. Datalogic has been present in the sector since 2004 following the acquisition of Laservall, and over the years has managed to develop cutting-edge technology and a wide range of products, supported by an efficient sales network of global partners.
Through this acquisition, Datalogic, the only Italian company operating in the sector, aims to further strengthen the division, in terms of both its sales offer and its high-level positioning in the fiber laser segment, technologically the most advanced and potentially offering the greatest future growth.
Romano Volta, Chairman and CEO of the Datalogic Group, commented: "This operation confirms Datalogic's significant investment capacity in technology and its broad vision. Multiwave Photonics S.A. will enable Datalogic to improve its competitive position and increase its presence in a highly innovative market, albeit a niche one, with significant growth potential. Datalogic can today offer its partners and customers the best solutions in all the sectors in which it operates, while continuing to keep a close eye on new opportunities, both in terms of business and technological innovation".
Manuel A. Monteiro, CEO of Multiwave Photonics, and José R. Salcedo, Founder and majority shareholder, commented: "Multiwave Photonics is pleased to have established a strategic collaboration with Datalogic through this transfer of high power fiber laser products and technology. Datalogic's corporate credibility, investment capacity, impeccable international reputation and distribution channels will enable the high power fiber laser product line to be manufactured and commercialized in volume, as well as provide superb customer support in all target markets."