Philips to Sell Its VCSEL Group to TRUMPF

German company TRUMPF is going to acquire Philips Photonics, the VCSEL production units of Royal Philips, to expand its product portfolio for 3D sensing and data transmission applications.

Back in November Philips Photonics announced a milestone of shipping one billion VCSELs and soon after that the company was said to have increased the capacity of VCSEL production in Ulm, Germany. And now it is selling 100 percent of the operation to TRUMPF. The two companies are planning to finish the operation transaction by the second quarter of 2019 and neither of them unveiled the price of the acquisition.

(Image: TRUMPF)

Through the acquisition, TRUMPF will expand its access to fast-growing markets in the photonics and digital product sectors. The Laser diodes from Philips Photonics are used in smartphones, in digital data transmission, and in sensors for autonomous driving.

Nicola Leibinger-Kammüller, CEO of TRUMPF, said, "With this acquisition, we want to open up new product fields and expand our existing portfolio at a strategically important point."

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