Lithuanian Laser Giant's Heavy Acquisition: Enter The U.S. And Triple Its Revenue in 5 Years!

November 27, local time, Lithuania's well-known precision laser components and accessories manufacturer Altechna announced that the company has acquired Alpine Research Optics (hereinafter referred to as "ARO"), a manufacturer of high-precision glass spherical mirrors located in the Photonics Research and Technology Center in Boulder, Colorado, USA, and expanded its high-quality laser optical solutions. ") and has expanded its high-quality laser optics solutions.
Both companies plan to triple their revenues within five years while retaining management of ARO. By 2023, the combined revenues of the two companies are expected to exceed €22 million. The merger will strengthen the position of both companies in the global laser technology market, focusing primarily on applications in medical and semiconductor production.
What benefits will the acquisition bring?
Altechna, a custom laser optics company based in Vilnius, Lithuania, specializes in UV applications and is looking to expand its global presence with the acquisition of ARO, a high-quality laser optics producer based in Boulder. In June of this year, Altechna revealed that it was planning further expansion in the United States, including a major acquisition. Today, it appears that this acquisition is none other than Alpine Research optics.
Altechna is enhancing its ability to provide superior laser technology solutions. In the long run, Altechna will create new vacancies for technicians and engineers due to the expansion of its laser optics products.
What is the evaluation of both parties?
Lithuania is one of the world's leaders in laser technology, with a fully self-sustainable ecosystem providing lasers to CERN, NASA and more than 90 of the world's top 100 universities," said Antanas Laurutis, CEO of Altechna The company is a leader in the field of lasers. Global expansion is a natural next step for Altechna. We expect laser solutions for semiconductors and medicine to grow at an even faster rate."
Since 1991, Alpine Research Optics has focused on high-quality UV laser optics, gaining customer recognition for the quality of its technology and becoming one of the best precision optics manufacturing companies in the U.S. With a modern 35,000-square-foot facility, ARO excels in laser optics manufacturing and coating. Its product range includes gratings, lenses, mirrors, polarizers, beam splitters and filters for the semiconductor, micromachining, medical instrumentation, defense, aerospace and research industries.
The merger of two industry leaders with 60 years of experience in the optoelectronics industry is expected to benefit the global laser industry," said Travis Green, longtime owner and president of Alpine Research Optics, "The combination of ARO's strong strengths in durable, long-life, high-damage-threshold coatings, coupled with Altechna's expertise in expertise in designing laser optics and optomechanical components will raise the quality benchmark for laser companies worldwide."
As part of the acquisition, Travis Green will continue to serve as president of ARO, reporting to Altechna, while he will continue to support his senior optical leadership team in the U.S. entity.
Ed Yousse, Altechna's chief business development officer and general manager in the U.S., said, "ARO is critical to Altechna's long-term growth strategy. By combining our durable coatings expertise with Altechna's laser optics know-how, we will be able to offer tailored technology solutions at competitive prices to local and international companies seeking flexibility beyond traditional suppliers."
Altechna has doubled its revenue in the US market over the past few years. According to Laurutis, this could triple by the end of 2023. At the same time, he expects the company's exports to the U.S. to account for at least 25 percent of total revenue this year.
In a previous statement, Altechna CEO Antanas Laurutis had said that the breakthrough in progress in the U.S. market was largely driven by changes taking place in the global supply chain. As the U.S. aggressively seeks alternative suppliers outside of the country, Altechna has developed a growth strategy specifically designed to meet the needs of U.S. customers.
Additionally, Altechna has expanded significantly in Europe - which has always been Altechna's largest market. Currently, about 95% of Altechna's products are exported to EU countries, the US and Asian markets. These products are primarily used in optical systems and lasers in areas including surgery, the semiconductor industry, materials processing, metrology and aerospace.