Lumibird Acquires Saab Group's Defense Laser Rangefinder Business

Posted  by GoPhotonics

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LUMIBIRD, the European leader in laser technologies, has completed the acquisition of Saab's defense laser rangefinder business on May 31, 2022. This acquisition will contribute to consolidating the Lumibird Group’s position in the European defense market.

Lumibird completed 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 the 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.

About LUMIBIRD

LUMIBIRD is one of the world's leading specialists in lasers. With 50 years of experience and 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.

Click here to know more about the Lumibird's Nd:YAG Tunable Dye Laser.
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