Crawley, UK, April 18, 2017. Powerlase Photonics Ltd. is pleased to announce that it has signed an agreement with ANDRITZ AG that results in ANDRITZ AG taking a majority stake in Powerlase Photonics Ltd. The new company name is Andritz Powerlase and will be based in Crawley, UK.
“This agreement represents a major step forward for Powerlase,” said Dr Young Kwon, Managing Director, Powerlase, “and enables us to pursue our ambitious growth plans to be a key provider of high-power lasers for surface preparation, polishing, cleaning, ablating, and many other industrial applications.”
ANDRITZ is a globally leading supplier of plants, equipment, and services for hydropower stations, the pulp and paper industry, the metalworking and steel industries, and for solid/liquid separation in the municipal and industrial sectors. The publicly listed technology Group is headquartered in Graz, Austria, and has a staff of around 25,200 employees. ANDRITZ operates over 250 sites in over 40 countries.
Powerlase Photonics Ltd. will continue as an innovative laser company, focused on providing high pulse energy, nanosecond, diode pumped solid state lasers. With the ability to provide up to 3.2 kW,Q-switched systems, Powerlase Photonics Ltd. Is well equipped to meet the needs of most industrial applications. The company has accelerated its introduction of high power laser solutions into a variety of industrial applications worldwide.
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