French laser company Lumibird announced that it has signed an agreement with the Australian company Ellex Medical Lasers Limited to acquire Ellex’s laser and ultrasound business for AUD 100 million (US$ 69.17 million). This acquisition will help LUMIBIRD to enlarge its business into the diagnosis and treatment of ocular diseases. Under the transaction agreed on December 23, 2019, the Lumibird Group will acquire all of Ellex’s laser and ultrasound activities, with pro forma revenues of AUD 65.5 million based on the year ended June 30, 2019. The a...

Fueled by the rising autonomous driving technology applications, LiDAR sensor manufacturers have reported business growth and expansion. The LUMIBIRD Group announced a robust revenue growth for 1Q19 while Cepton opened a new office in the UK to accelerate EMEIA business. Paris-based laser specialist Lumibird posted a revenue of EUR 24.2 million (US$ 27.07 million) for the first quarter of 2019 with an on-year increase of 35.2%. The three strategic business lines of the company, LiDAR, Defense and Medical, are delivering strong growth in value. LiDA...