3S Photonics Acquires Telecom Provider Manlight
With the help of EURAZEO, the manufacturer of optical and optoelectronic components for telecommunication networks, has finalised the acquisition of Manlight
3S Photonics Group now owns 100% of ManlightS.A.S. shares. 3S Photonics has completed the transaction with the active help of EURAZEO, which holds 83% of 3S Photonics’ capital.
Manlight is a designer and manufacturer of products for telecommunication transport networks, broadband access networks, defence, and industrial markets. Based in Lannion France, Manlight was founded in 2006 through the acquisition of Highwave Optical Technologies assets.
The company’s 30 employees have expertise in fibre optic amplification and laser technologies. Eric Delevaque, founder and former Highwave Optical Technologies CEO comments, “The integration of Manlight into the 3S Photonics Group is an important turning point, anticipating terrific growth opportunities. Commercial and technical synergies will enable to benefit from full value of the Manlight know-how and intellectual property".
The company is becoming a subsidiary of 3S Photonics Group. Alexandre Krivine, President and CEO of 3S Photonics Group is appointing Eric Delevaque as Manlight General Manager.
“We are very pleased to have completed the Manlight acquisition with the help of EURAZEO as this deal fits perfectly into the development strategy we have established for 3S Photonics" says Alexandre Krivine, “The Manlight product range allows us to expand our offer for our historical telecom customers, to continue the diversification of our activities by promoting Group components linked to the LIDAR and industrial fibre laser markets", this enabling us to climb the value chair.
In November, 3S Photonics Group reported a consolidated IFRS turnover of up to €51M for the fiscal year 2011, which ended in June 2011, representing a year on year growth of 64% (or 44% within the same business scope).