Lumibird acquires Innoptics
Complementary R&D capabilities to address new markets
The European laser technologies group Lumibird has acquired the Bordeaux-based company Innoptics on September 22, 2022. This extension of its areas of technological expertise will enable the group to ramp up its verticalization strategy, while developing a new range of products to address new markets, focusing in particular on low-cost laser segments for higher-volume markets.
Innoptics is a company that offers a range of optoelectronic packaging and bespoke component development services for industrial clients. It covers design, prototyping, process development and manufacturing for small to mid-size volumes, as well as consulting services for industrialization. Integrating an extensive selection of laser diode technologies across a vast range of wavelengths, the company develops products for medical, space or scientific instrumentation applications.
Founded in 2010, Innoptics is based in Talence, near Bordeaux. It has revenues of just over €300k and five staff, including four engineers. The two co-founders, Stéphane Denet and Vincent Lecocq, are committed to this project with Lumibird.
Through its acquisition of Innoptics’ technologies, the Lumibird Group will be able to integrate advanced technical development-related expertise covering a specific market segment. This will enable it to extend the range of products and related services.
The operation was carried out in cash, with an earn-out component based on future performance levels, for an amount that has been kept confidential. The company has been included in Lumibird’s basis for consolidation since August 31, 2022.
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