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Eurazeo Acquires 3S Photonics

Eurazeo Croissance, a French investment fund, announced its acquisition of 83% of the capital of 3S Photonics Group, making it the majority management partner.

LOGO On 13 October 2011, Eurazeo Croissance, a French investment fund, announced its acquisition of 83% of the capital of 3S Photonics Group, making it the majority management partner. Eurazeo’s support will enable 3S Photonics Group to benefit from the strong market demand and speed up its organic and external growth. Eurazeo has invested previously in 3S Photonics. The deal sets the valuation for the 3S Photonics Group at 46 million euros and corresponds to approximately 12 times earnings. Alexandre Krivine will continue as CEO of the company.

3S Photonics has about 400 employees at sites in France and Canada. Revenues for the last 12 months topped 50 million euros. 3S Photonics is the market leader for high-reliability lasers for undersea telecommunications optical fiber transmission. Some current strategic objectives are:

• Increasing sales in terrestrial telecom and fiber laser activities,
• R&D initiatives to enlarge product offering
• Moving up the value chain from component to system for some targeted applications
• Selected complementary acquisitions to improve technology and open new markets

The group designs, manufactures, and markets high reliability active & passive optical components and modules for the telecom, sensing & laser markets and provides instrumentation and integrated solutions for process and environmental monitoring systems through its Avensys Solutions division.

Contact:
http://www.eurazeo.com
http://www.3sphotonics.com



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