TRUMPF Acquires Majority Stake in Active Fiber Systems

TRUMPF has acquired an 80% stake in Active Fiber Systems GmbH (AFS), a company based in Jena, Germany. AFS develops and manufactures ultrashort-pulse laser systems and fiber laser systems used primarily in science and research.

Terms of the deal were not disclosed.

In addition to basic research, AFS laser systems support application areas including the generation of extremely short-wavelength light with high coherence, biomedical imaging, and materials processing. The company has 37 employees.

TRUMPF said it plans to retain the AFS location in Jena and build on the research-driven company’s independent standing after finalizing the takeover as majority stakeholder.

On Friday, Feb. 11, TRUMPF announced that it is changing the legal form of the holding’s managing company, and that TRUMPF GmbH and Co. KG will operate as TRUMPF SE + Co. KG. On Thursday, Feb. 10, TRUMPF announced that TRUMPF Bank received a €50 million (~$56.8 million) loan from the European Investment Bank. The loan will help manufacturing companies purchase machine tools and industrial lasers.