Art Photonics, an established company in the fiber optic technologies market segment, has been sold to Nynomic. The sale marks a significant step in the development of the company and opens up far-reaching perspectives for the future. In October, Nynomic has also acquired a 31.25 % share in the capital stock of NLIR ApS, Copenhagen, Denmark, as part of a capital increase.
For more than 25 years, Art Photonics has been continuously setting new standards in the development and production of specialty fibers for various applications in the broadest spectral range 0.3 – 16 µm and is one of the technology leaders in this segment.
The leading expertise within the technology of polycrystalline mid-infrared (MIR) and metal-coated silica fibers is used for the assembly of various spectroscopy probes for industrial process control, environment monitoring, medical diagnostics, et cetera. There are also a wide range of applications in the field of medical and industrial lasers.
With its stake in Art Photonics, Nynomic is expanding its technology portfolio by adding another strategic pillar for a variety of applications in existing and new markets and complementing its value creation and solutions portfolio.
Dr Artyushenko Viacheslav, founder and managing director of Art Photonics, expressed himself positively about the new partnership: “The sale to Nynomic AG opens up extensive opportunities for us. We are very confident and motivated that with this association we will not only be able to strengthen our position in the market, but to be able to create significant added value in cooperation with all Nynomic companies.”
Art Photonics GmbH has around thirty employees in Germany. Annually growing sales resulted in around four million euros in the 2023 financial year. After the sale, the company will continue to operate as an independent brand.
NLIR, a spin-off company from the photonics engineering department of the Technical University of Denmark, joined the group in October as a further pillar into the Nynomic group despite the current minority shareholding of 31.25 %. Nynomic plans to continuously expand its stake in and has contractually secured corresponding prepurchase options. NLIR has about ten employees with sales in the low single-digit million euro range.
Also in October, Nynomic founded Photecture Inc in Plainview, New York, USA. The wholly-owned subsidiary of Nynomic operates as sales company primarily for the North American market.
Further reading: Photonics is a critical enabler of precision farming: Optical measurement technologies in soil quality evaluation, plant growth monitoring, and optical sensors for real-time testing during harvest (Nynomic group) • A. González & J. Pozo (EPIC): Integration of Photonic Systems – The new frontier in cancer diagnostics, Optik Photonik 13(2), April 2018, pp. 22–24; DOI: 10.1002/opph.201870207
