nLIGHT Acquires Process Monitoring Expert plasmo Industrietechnik

Rhea-AI Summary

nLIGHT, Inc. (NASDAQ: LASR) has acquired the assets of Plasmo Industrietechnik GmbH, enhancing its automated quality assurance capabilities in the welding and additive manufacturing sectors. This acquisition aids nLIGHT in expanding its presence in Europe, particularly in Germany and Austria, and positions the company to offer comprehensive solutions in high-volume electric vehicle production. The deal underscores nLIGHT's commitment to integrating advanced machine vision technology with its laser portfolio, enabling customers to optimize production processes.

Positive

• Acquisition of Plasmo enhances nLIGHT's automated quality assurance solutions.
• Expansion into Europe strengthens market presence in critical regions.
• Integration of Plasmo's technology with nLIGHT's lasers improves competitive advantage in manufacturing.

Negative

• None.

Expands nLIGHT's industrial solutions into automated quality assurance and adds additional scale in Europe

CAMAS, Wash.--(BUSINESS WIRE)-- nLIGHT, Inc. (Nasdaq: LASR), a leading provider of high-power semiconductor and fiber lasers used in the industrial, microfabrication, aerospace, and defense markets, today announced that it has acquired the assets of plasmo Industrietechnik GmbH (“Plasmo”), an Austrian-based provider of automated quality assurance and diagnostic solutions primarily for the welding and additive manufacturing markets.

Plasmo’s innovative quality assurance solutions empower customers to implement robust, efficient, and cost-optimized production processes. Plasmo’s products are driven by proprietary machine vision and analysis software that monitor and help automate a wide range of industrial welding and additive manufacturing processes. Complementing nLIGHT's expanding laser portfolio, the acquisition of the Plasmo assets strengthens nLIGHT’s position as a critical enabler of next generation manufacturing solutions in these growth markets.

“Plasmo is a technology leader in process monitoring and quality assurance systems for laser-based manufacturing processes,” said Jake Bell, general manager for industrial lasers. “Combining lasers with Plasmo’s real-time process monitoring solutions provide customers with a significant advantage as they develop, qualify and produce increasingly complex laser-printed or welded parts, particularly for high volume electric vehicle production,” said Mr. Bell.

With Plasmo, nLIGHT has expanded its European footprint in support of critical customers and strategic markets. “Our new team members in Germany and Austria are positioned geographically to serve a critical, growing part of the industrial market,” said Mr. Bell.

About nLIGHT

nLIGHT, Inc. is a leading provider of high-power semiconductor and fiber lasers for industrial, microfabrication, aerospace and defense applications. Our lasers are changing not only the way things are made but also the things that can be made. Headquartered in Camas, Washington, nLIGHT employs over 1,275 people with operations in the U.S., China and Finland. For more information, please visit www.nlight.net.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220214005240/en/

Joseph Corso

VP, Corporate Development and Investor Relations

nLIGHT, Inc.

(360) 566-4460

joe.corso@nlight.net

Source: nLIGHT, Inc.

FAQ

What is the purpose of nLIGHT’s acquisition of Plasmo?

The acquisition aims to enhance nLIGHT's automated quality assurance capabilities in welding and additive manufacturing.

How will the Plasmo acquisition impact nLIGHT's presence in Europe?

It expands nLIGHT's footprint in Europe, especially in Germany and Austria, allowing better service to critical customers.

What advantages does the acquisition of Plasmo provide to nLIGHT?

It allows nLIGHT to combine advanced machine vision technology with its laser solutions, improving production efficiency.

When was the acquisition of Plasmo announced?

The acquisition was announced on the date of the press release, which is referenced as February 14, 2022.