News

C.W. Downer & Co. Assists GSI Group, Inc. with the Sale of its JK Lasers Business to SPI Lasers UK Ltd., a Subsidiary of the TRUMPF Group

BOSTON, May 7, 2015 – C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that GSI Group, Inc. (“GSI”) has sold its JK Lasers business (“JK Lasers”) to SPI Lasers UK LTD, a subsidiary of the TRUMPF Group. The deal closed on April 15, 2015 and the purchase price was approximately $31.5 million, subject to customary post-closing adjustments.

Established in 1972 in Rugby (United Kingdom), JK Lasers has pioneered the development of industrial laser products used in a range of industrial applications. JK Lasers is a leading producer of medium and high-powered industrial fiber lasers that are used to perform cutting, welding, drilling and additive manufacturing functions in material processing operations. Following the transaction, the JK Lasers Rugby facility will act as an additional fiber lasers & optical components production and development center for SPI Lasers UK LTD. The transaction is expected to complement TRUMPF’s existing range of products and technical expertise in the industrial lasers market.

The transaction represents another successful mandate for C.W. Downer‘s diversified industrial services practice. “The industrial lasers market is truly global in scope and one of the key success factors in this mandate was our ability to engage international buyers,” said Wade Aust, Managing Director and Partner at C.W. Downer & Co. “Our engagement team was able to generate interest from potential buyers on three separate continents and create a process that maximized value for our client. We were delighted that we were able to assist GSI with this mandate and achieve a successful outcome.”

“The management team of JK Lasers and corporate team at GSI also deserve tremendous credit for this transaction,” noted Greg Fanikos, Director at C.W. Downer & Co. “These teams worked tirelessly to ensure that the transaction closed as scheduled while continuing to drive robust sales growth at JK Lasers.”

The C.W. Downer & Co. team assisting GSI with the sale included Mr. Wade Aust (Managing Director & Partner), Mr. Greg Fanikos (Director), Mr. Joshua Garver (Vice President) and Mr. Mike Fernandes (Analyst). The transaction is the ninth announced by C.W. Downer in 2015.

About C.W. Downer & Co.

C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 40 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover hidden acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

For Further Information:

Wade Aust, Managing Director & Partner
This email address is being protected from spambots. You need JavaScript enabled to view it.
C.W. Downer & Co.
+1 617 482 6200

Back to Previous

© 2015 by C.W. Downer & Co.

Downer & Company (d/b/a C.W. Downer & Co.) is a fully registered broker/dealer
and a member of the Financial Industry Regulatory Authority (FINRA).