Hitachi Industrial Equipment Systems Co., Ltd. announced that it has acquired the entire stock of PHOTON ENERGY GmbH. For that reason, Hitachi can expand its industrial equipment portfolio to include PHOTON’s technologies.
For over 40 years, Hitachi Industrial Equipment Systems has developed its Coding and Marking Business with Continuous Inkjet Printing technology. Particularly, the purpose is to serve a variety of product identification needs in various industries to more than 110 countries. These industries include Food & Beverage, Cosmetics, Pharmaceutical, Electronics, and Automotive parts.
There have been increasing demand for precise, indelible coding and more environmentally friendly products. Moreover, these expand business opportunities for a wider range of coding technology in particular laser markers.
Accordingly, PHOTON ENERGY has established its reputation in the development, research, and sales of Ultra Short Pulse (USP) laser, sources, and marking systems. Their strengths are in the fields of medical devices, electronics, and semiconductor industries, primarily in Europe but with plans to further expand its sales in Asia and North America.
Hitachi Industrial Equipment Systems’ goal in this acquisition is to add PHOTON ENERGY’s innovative core laser technology and application know-how to its industrial equipment portfolio. Especially, Hitachi will strengthen its competitiveness in the Coding and Marking field by merging its strengths with PHOTON ENERGY’s laser expertise.
Yasuhiro Takeuchi, President and Director at Hitachi Industrial Equipment Systems, said, “PHOTON ENERGY’s excellent technologies will help Hitachi Industrial Equipment Systems to gain access to wider segments and accelerate the growth of the coding and marking business in global market.”
Dr. Hans Amler, CEO at PHOTON ENERGY, said, “We are very excited to challenge further growth of our business in the global market as a member of the Hitachi family.”