Japan's Hamamatsu Photonics says Denmark denies approval for NKT Photonics acquisition

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

TOKYO : Japan's Hamamatsu Photonics KK said on Monday that Danish authorities had rejected a European subsidiary's application to acquire Copenhagen-based fibre laser manufacturer NKT Photonics A/S from NKT A/S. Hamamatsu Photonics had announced plans for the takeover last June for about 205 million euros

TOKYO : Japan's Hamamatsu Photonics KK said on Monday that Danish authorities had rejected a European subsidiary's application to acquire Copenhagen-based fibre laser manufacturer NKT Photonics A/S from NKT A/S.

Hamamatsu Photonics had announced plans for the takeover last June for about 205 million euros to expand application of its laser diode business based on compound semiconductor manufacturing technology. NKT Photonics' lasers could be used for inspection of cutting-edge semiconductor devices, among other applications, it had said.

"We are currently considering further actions in relation to the decision," Hamamatsu Photonics said in a statement on Monday. Authorities in Germany, Britain, and the United States had approved the acquisition, it added. The Danish Business Authority said the denial was in accordance with the Danish Investment Screening Act.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines