Panasonic Acquires All Shares of U.S.-Based Industrial Laser Start-up TeraDiode, Inc.
06 Jan 06, 2017
Osaka, Japan - Panasonic Corporation today announced that it has signed a contract to acquire all shares of TeraDiode, Inc. (Headquarters: Massachusetts, U.S., CEO: Parviz Tayebati, "TDI"), a global laser supplier of high brightness direct diode lasers ("DDL") for industrial use, on January 2nd, 2017 (U.S. time).
Recently, high-precision and high-quality laser processing technology has become increasingly important to meet the demand for light-weight and high-rigidity characteristics along with high design flexibility and high productivity in the automobile and other industries. TDI’s high brightness DDL with its proprietary wavelength beam combining ("WBC") technology has attracted attention as a next generation laser that realizes such demand from a wide range of industrial markets.