NKT Photonics sells Cologne site for optical metrology with Heuking
A Heuking team led by Dr. Michael Sörgel and Prof. Dr. Martin Reufels advised NKT Photonics A/S on the sale of its LIOS (Linear Optical Sensors) site to U.S.-based LUNA Innovations Incorporated. Following the sale of the sensing division, NKT will focus on its core areas of laser- and fiber-optic solutions within Medical & Life Science, Industrial, Aerospace & Defense, and Quantum & Nano Technology.
The parties agreed on a sales price of EUR 20 million. The sale includes the development and production facility in Cologne and the sales office in Portland, OR. The transaction was closed on March 10, 2022.
NKT Photonics is the leading supplier of high-performance fiber lasers and photonic crystal fibers. Products include ultrafast lasers, supercontinuum white light lasers, low noise fiber lasers, and a wide range of specialty fibers. NKT Photonics has its headquarters in Denmark with sales and service worldwide. NKT Photonics is wholly owned by NKT A/S.
LUNA Innovations Incorporated is a U.S. developer and manufacturer of fiber optic-based technology products. The products are mainly used in the aerospace, energy, infrastructure, security, and silicon photonics industries.
Counsel to NKT Photonics A/S:
Heuking Kühn Lüer Wojtek
Dr. Michael Sörgel LL.M. (Lead, Corporate / M&A), Düsseldorf
Prof. Dr. Martin Reufels LL.M. (Lead / Employment), Cologne
Christina Huckschlag (Corporate / M&A), Düsseldorf
Dr. Georg Jacobs LL.M. (IP, Media & Technology), Düsseldorf
Michael-Alexander Kuska LL.M. (IP, Media & Technology), Düsseldorf
Marcel Maybaum (Corporate / M&A), Düsseldorf
Dr. Patrick Müller LL.M. (Corporate / M&A) Düsseldorf