Schunk has agreed to acquire a majority stake in Fraunhofer spinout Pulsar Photonics, which produces ultrashort-pulse laser technology.

Pulsar Photonics, a Germany-based laser technology spinout of Fraunhofer Institute for Laser Technology, has been acquired by diversified technology group Schunk. Founded in 2013, Pulsar Photonics produces machines and systems for materials processing with short and ultrashort-pulse laser technology. Schunk will integrate Pulsar’s technology to improve its manufacturing processes and develop new products. High-Tech Gründerfonds previously invested an undisclosed amount of seed funding in March 2016, seemingly Pulsar’s only funding round. Jens Holtkamp, a founding managing director of Pulsar, said: “We are very excited about Schunk Group’s investment in Pulsar Photonics. “Schunk’s financial strength and the technology company’s existing networks around the world open up entirely new opportunities for us to further develop our cutting-edge technologies and market them globally.”

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Thierry Heles

Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).