4JET Becomes Laser-based Glass Processing Leader with Corning Acquisition
Deal News | Jan 08, 2025 | Jolt Capital
In a strategic move to bolster its position in the laser-based glass processing industry, 4JET has acquired Corning Laser Technologies, a subsidiary of Corning. This acquisition strengthens 4JET's portfolio, adding advanced intellectual property rights and expanding its capabilities in precise glass cutting, drilling, and texturing. Jolt Capital, 4JET’s owner, emphasizes that such industrial prowess is crucial for sectors such as semiconductors, photovoltaic, and green mobility. The expansion is aligned with Jolt Capital's goal of establishing Europe-based world leaders in deep tech and is a significant development for Germany's high-end manufacturing industry.
Sectors
- Laser-based Glass Processing
- Semiconductor Manufacturing
- Green Mobility
Geography
- Germany – The location where 4JET's advancements will positively impact the high-end manufacturing sector.
- Europe and America – The geographic markets where Corning Laser Technologies' operations extend, influencing 4JET's market reach.
Industry
- Laser-based Glass Processing – Focuses on technologies for glass cutting, drilling, and texturing using laser systems, relevant to 4JET's core operations.
- Semiconductor Manufacturing – Involves the production of semiconductor devices, impacted by glass processing technology essential for AI chip substrates.
- Green Mobility – Encompasses the development of technologies that support sustainable transportation, reliant on advanced materials such as those processed by 4JET.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| 4JET | Acquirer | Company | The acquiring company in the glass processing industry, strengthening its position with the acquisition. |
| Corning Laser Technologies | Target | Company | The subsidiary of Corning that specializes in laser technologies for glass processing, acquired by 4JET. |
| Jolt Capital | Owner | PE Firm | The private equity firm that owns 4JET and orchestrates its strategic direction and growth. |
| Corning | Vendor | Company | The parent company selling its subsidiary, Corning Laser Technologies, to 4JET. |