# Lumibird to acquire Convergent Photonics from Prima Industrie

Lumibird signed an agreement to acquire Convergent Photonics and related assets from Prima Industrie, covering high power laser and semiconductor businesses in Italy and the US. The transaction is expected to close in H2 2023.

- Type: Acquisition
- Announced: 2023-05-15
- Where: Turin, Italy; Boston, USA, Italy
- Jobs: 80
- Status: announced
- Products: semiconductor lasers, laser diode packaging, high-power fibre lasers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Prima Industrie](https://endata.com/companies/18684.md) (partner)
- [Lumibird Group](https://endata.com/companies/32104.md) (acquirer)
- [Convergent Photonics](https://endata.com/companies/70319.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2023/05/16/2669544/0/en/lumibird-announces-agreement-to-acquire-prima-industrie-s-high-power-laser-and-semiconductor-businesses.html), 2023-05-16: "The LUMIBIRD Group... signed on May 15 an agreement with the Italian company Prima Industrie to acquire its subsidiary Convergent Photonics"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.