Danish Government Blocks Sale of NKT Photonics to Hamamatsu

The sale of NKT Photonics to Hamamatsu Photonics K.K, Japan subsidiary Photonics Management Europe srl has been denied under the Danish Investment Screening Act. Required regulatory approvals for the agreement reached between NKT and Hamamatsu have been obtained over the past months from authorities in Germany, the United Kingdom, and the United States.

On May 2, NKT received notification that the purchaser had been denied authorization under the Danish Investment Screening Act, which was needed for the purchaser to complete the transaction and acquire NKT Photonics.

According to the Danish Investment Screening Act, the Danish minister for industry, business, and financial affairs can refuse to authorize a foreign company’s investment in Denmark, such as the acquisition of NKT Photonics, if it poses a threat to national security or public order in Denmark.

NKT's announcement is available here.