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Quantel Medical, via Lumibird Medical, has completed its acquisition of Ellex, including its laser and ultrasound technology solutions, R&D and production site in Adelaide, and subsidiaries in Australia, Japan, the US, France, and Germany.
Lumibird Group signed a share purchase agreement on September 8, 2026, to sell Lumibird Medical to IPG Photonics Corporation for an enterprise value of €300 million, plus up to €50 million earn-out.
Lumibird Group signed a share purchase agreement for the sale of Lumibird Medical to IPG Photonics Corporation for an enterprise value of €300 million, with an earn-out of up to €50 million. The transaction is expected to close in Q4 2026.