Powerlase Photonics Ltd. is pleased to announce that it has signed an agreement with ANDRITZ AG that results in ANDRITZ AG taking a majority stake in Powerlase Photonics Ltd. The new company name is Andritz Powerlase and will be based in Crawley, UK.
“This agreement represents a major step forward for Powerlase,” said Dr Young Kwon, Managing Director, Powerlase, “and enables us to pursue our ambitious growth plans to be a key provider of high-power lasers for surface preparation, polishing, cleaning, ablating, and many other industrial applications.”
About ANDRITZ AG
ANDRITZ is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and for solid/liquid separation in the municipal and industrial sectors. The publicly listed technology Group is headquartered in Graz, Austria, and has a staff of around 25,200 employees. ANDRITZ operates over 250 sites in over 40 countries.