Hamamatsu Photonics, a Japanese company engaged in developing photoelectric devices and application products, agreed to acquire NKT Photonics, a supplier of high-performance fiber lasers, fiber optic sensing systems, and photonic crystal fiber, from NKT, an industrial holding company, for $237m. “After more than twenty years, we are proud to hand over a thriving high-tech business. It is a good example of innovation and technology in Denmark recognized internationally and the divestment ensures future growth opportunities. We have found a good new home for NKT Photonics,” Jens Due Olsen, NKT Chairman.