Raith acquires Xnovo Technology
Raith, a developer of maskless nanofabrication systems and characterisation solutions, as announced the acquisition of Xnovo Technology ApS, a dynamic and innovative technology development company specialising in advanced imaging methods and materials characterisation.
Raith says the acquisition bolsters its ability to meet the growing demand for sophisticated imaging and metrology solutions across various scientific and industrial applications, supported by cutting-edge algorithms, machine learning, and artificial intelligence. Emerging application requirements of Raith’s customers can be served effectively, e.g. by characterising process related aspects through modern AI-enabled software.
Founded in 2012 as a spin-out from the Technical University of Denmark, Xnovo develops novel imaging solutions for research, failure analysis, and quality control. With a focus on providing material insight, Xnovo delivers methods that offer both critical understanding and significant analytical value through its expertise in imaging methods, algorithm development, machine learning / AI, and software development.
"Joining forces with Raith enables us to take the next step on our growth journey and ensures that we can continue to drive innovation and offer enhanced capabilities to our customers, backed by the strength of a global technology leader,” says Erik Lauridsen, CEO of Xnovo. "This acquisition gives us the opportunity to scale our impact while staying true to our core mission – developing innovative imaging and analysis solutions," adds Christian Holzner of Xnovo.
Xnovo will continue its business following the acquisition, serving both existing and new customers, while also contributing its expertise to support and enhance Raith’s product portfolio.
“We are convinced that we will realise outstanding technological and structural synergies that will affect customer workflows and markets. In collaboration with the Xnovo team led by Erik Lauridsen and Christian Holzner, we look forward to developing new solutions for our customers’ challenges,” says Michael Steigerwald, CEO of Raith Group.
