Posted in | News | Laser

Photonis announces agreement to acquire Xenics

Photonis a global leader of highly differentiated technology for defence and industrial markets, held by HLD since 2021, today announced that it has signed a definitive agreement to acquire Xenics, a specialist developer and manufacturer of leading-edge infrared solutions.

With over 65 people across the world and headquarters based in Leuven, Belgium, Xenics is an established infrared Centre of Competence and Europe’s leading supplier of Short Wave InfraRed (SWIR) imagers steadily growing internationally with sales offices worldwide.

By welcoming Xenics to Photonis, the merged group will provide unique high-end imaging products to their Business-to-Business customers through mastering of component manufacturing, a large geographical reach and advanced technological capabilities.

We are thrilled to welcome Paul Ryckaert and the whole Xenics team in Photonis Group. With this acquisition, we are aiming to create a European integrated leader in advanced imaging in high-end markets. We will together combine our forces to strengthen our position in the infrared imaging market.”

Jérôme Cerisier, CEO of Photonis

Paul Ryckaert, CEO of Xenics said: “By combining its strengths with the ones of Photonis Group, Xenics will benefit from Photonis expertise and international footprint which will allow us to accelerate our growth. It is a real opportunity to boost our commercial, product development and manufacturing competences and bring even more added value to our existing and future customers.”

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    PHOTONIS Technologies S.A.S.. (2022, December 15). Photonis announces agreement to acquire Xenics. AZoOptics. Retrieved on February 01, 2023 from https://www.azooptics.com/News.aspx?newsID=28138.

  • MLA

    PHOTONIS Technologies S.A.S.. "Photonis announces agreement to acquire Xenics". AZoOptics. 01 February 2023. <https://www.azooptics.com/News.aspx?newsID=28138>.

  • Chicago

    PHOTONIS Technologies S.A.S.. "Photonis announces agreement to acquire Xenics". AZoOptics. https://www.azooptics.com/News.aspx?newsID=28138. (accessed February 01, 2023).

  • Harvard

    PHOTONIS Technologies S.A.S.. 2022. Photonis announces agreement to acquire Xenics. AZoOptics, viewed 01 February 2023, https://www.azooptics.com/News.aspx?newsID=28138.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit