Stibbe advises TRUMPF, a leading high-technology company, on the acquisition of the Photonics business from Philips.
The acquisition opens up a new market segment for TRUMPF in addition to its existing business with high-power diode lasers and expands its product portfolio at a strategically important point. Laser diodes from Philips Photonics are used, for example, in smartphones, in digital data transmission, and in sensors for autonomous driving. Philips Photonics is headquartered in Ulm, Germany, where the laser diodes are also manufactured in a high-tech facility. Further locations are Aachen, Eindhoven and sales offices in Shenzen, Shanghai, and Qingdao in China.