The acquisition is a strategic move that sees Lynred consolidate Its leadership in infrared sensors and extends its product portfolio to include high-definition large array SWIR sensors in small pixel pitch, bolstering its product offering across all wavelength bands (short to very longwave). The transaction is expected to close in the fourth quarter of 2024.
The deal includes New Imaging Technologies’ large portfolio of SWIR products (imaging sensors and modules) and a portfolio of wide dynamic range patents, which will enable Lynred to offer customers large format SWIR sensors with advanced capabilities for applications in markets where AI, deep learning and multispectral imaging are driving growth.
New Imaging Technologies (NIT) is the only European firm to manufacture and market a SWIR HD1080p array and associated module at a pixel size of 8µm, a key asset for several applications that Lynred will now be able to leverage.
“Lynred’s acquisition of NIT is a growth accelerator. We will shorten time to market and leverage synergies in offering state-of-the-art SWIR products. The global market for SWIR infrared imaging for machine vision is growing fast, as well as for defence applications, such as laser detection and in new space,” said Hervé Bouaziz, executive president at Lynred. “NIT brings to Lynred the agility of a small, innovative organisation, with an extensive product offering able to cater to our large customer base. As we share complementary industrial supply chains and technical skills, we can deliver highly competitive SWIR imaging sensors and modules to customers.”
Along with this strategic acquisition, Lynred is investing significantly in its ongoing Campus project which includes the construction of state-of-the-art clean rooms that will double Lynred’s current capacity.
