| Photonium Acquires Akseli Lahtinen |
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| Thursday, 10 January 2008 09:52 | |||
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LOHJA, FINLAND – Electronics manufacturing OEM Photonium
Oy purchased a 55% stake in Mikkeli, Finland-based Akseli Lahtinen Oy.
The companies did not disclose other financial information.
The deal called for Laskentaneliö Ky, Tuomo Honkanen and Rauno Suoniemi to each sell 18% of their holdings to Photonium. Photonium holds an option to purchase the remaining shares within the next three years. Photonium designs and manufactures lines for optical fiber manufacturing and electronics manufacturing automation. Akseli Lahtinen designs and manufactures automation products.
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