Rofin-Sinar UK (RSUK) recently announced the completion of its acquisition by the European private investment company CMR GmbH (CMR) from Coherent Inc.
In parallel, CMR announced a joint worldwide sales, service and production agreement between Rofin-Sinar UK and Iradion Lasers Inc. to combine the two companies’ complimentary product lines and to market them globally. Both companies are specialists in carbon dioxide (CO2) laser sources. The combined product portfolios cover a wide range of laser power levels up to 1kW, using different technologies, enabling most industrial CO2 laser applications to be addressed and for the companies to realise global synergies and strengthen their joint competitiveness.
Customers will benefit from the global joint distribution and after-sales support centres spread over three continents, by getting a wider choice of laser sources and improved international technical support.
The European Commission’s approval for the acquisition of Rofin-Sinar Technologies Inc. (RSUK's former parent entity) by Coherent in November 2016, was conditional on the divestment of Rofin-Sinar’s low power CO2 laser manufacturing business in Hull due to overlap with Coherent’s own low power CO2 business and the resulting competition concerns.
RSUK fits into the portfolio of CMR, as CMR invests mainly in European Companies in attractive and growing Industries. Dr Ken Lipton, the Managing Director of Rofin Sinar UK, said that “The new worldwide cooperation with Iradion significantly enhances our competitive position in the market. We have been fortunate to retain all of our staff and be able to attract highly experienced sales and service personnel to provide international cover for our combined customer base. We are all excited by the additional opportunities for growth that this new partnership presents.”