NKT – NKT completes divestment of NKT Photonics


The divestment marks the final step in the process to fully focus NKT on its core business within power cable solutions.



Approval was obtained for the divestment of NKT Photonics to proceed. Today, the closing of the transaction between NKT A/S (NKT) and Hamamatsu Photonics K.K, Japan (the Purchaser) has been completed. The divestment marks the final step in the process to fully focus NKT on its core business within power cable solutions.

“We are proud to hand over a thriving high-tech business with innovative technology built in Denmark and wish NKT Photonics the best of luck at their new home. The closing of the divestment is the much anticipated conclusion on our strategic journey to fully focus NKT on our core business within power cable solutions. We look forward to executing on our ambitious growth plans to ensure we maintain our leading position in the market” says Jens Due Olsen, Chairman of the Board of Directors in NKT A/S.


The original divestment price was approximately 205 million euros, however, due to an increase in the amount of net debt, the transaction has a final enterprise value of approximately EUR 250m.

In recent years, NKT has communicated significant investments across its medium- and high-voltage sites to meet the growing demand for power cables needed for the transition to renewable energy and general electrification of societies. The proceeds from the divestment will be used to fund investments in the power cable business and maintain a robust capital structure.



EMR Analysis

More information on NKT: See the full profile on EMR Executive Services

More information on Jens Due Olsen (Chair of the Board of Directors, NKT): See the full profile on EMR Executive Services

More information on Claes Westerlind (President and Chief Executive Officer, NKT): See the full profile on EMR Executive Services

More information on Line Andrea Fandrup (Executive Vice President, Chief Financial Officer, NKT): See the full profile on EMR Executive Services


More information on NKT Photonics: https://www.nktphotonics.com/ + NKT Photonics is the leading supplier of high-performance fiber lasers and photonic crystal fibers. Our main markets are Medical & Life Science, Industrial, Aerospace & Defense, and Quantum & Nano Technology. Our products include supercontinuum white light lasers, low noise fiber lasers, ultrafast lasers, and a wide range of specialty fibers. NKT Photonics has its headquarters in Denmark with sales and service worldwide. NKT Photonics is wholly owned by NKT A/S.

More information on Basil Garabet (President and Chief Executive Officer, NKT Photonics): https://www.nktphotonics.com/about-us/management-team/ + https://www.linkedin.com/in/basil-garabet-8071b87/ 


More information on Photonics Management Europe S.R.L by Hamamatsu Photonics K.K, Japan: https://www.hamamatsu.com/eu/en/our-company/corporate-profile.html 

More information on Hamamatsu Photonics K.K, Japan: https://www.hamamatsu.com/jp/en.html + Hamamatsu Photonics specialize in optical sensors, electric light sources, and other optical devices and instruments for scientific, technical, and medical use.

Our mission is to benefit society through the development of technologies that capture, measure, and generate various types of light.

That’s why we re-invest at least 9% of our yearly revenue into research and development – to maintain cutting-edge quality across 90 types of image sensors, light sources, components, and systems with capabilities that span the spectrum from x-ray to infrared.

  • Revenue: 221,445 Million Yen for the fiscal year ended 9/30/2023
  • Products: 15,000+ devices, units & Systems
  • Shipping destinations: 100+
  • Established: 1953
  • Employees: 4,071

More information on Akira Hiruma (Director and Chairman, Hamamatsu Photonics): https://www.hamamatsu.com/eu/en/our-company/corporate-profile.html 

More information on Tadashi Maruno (Representative Director and President and Chief Executive Officer, Hamamatsu Photonics): https://www.hamamatsu.com/eu/en/our-company/corporate-profile.html 





EMR Additional Notes:

  • Photonics:
    • Photonics is the physical science of light waves. It deals with the science behind the generation, detection and manipulation of light.
    • Light has a dual nature known as the wave-particle duality. That is to say that light has characteristics of both a continuous electromagnetic wave and a particle (photon). Which nature of light is operative depends on the kind of interaction being observed. For example, light bending through a lens or diffracting at the edge of an aperture is exhibiting its wave nature. Light being created or absorbed by a solid-state device such as a laser diode or charge-coupled device (CCD) detector is exhibiting light’s particle nature.
    • The term “photonics” came into wider use in the 1960’s with the invention of the laser and later the laser diode. It was originally intended to describe a field where the goal was to use light to perform functions traditionally accomplished using electronics, thus the name. The term came into more popular use with the advent of fiber optic communications in the 80s.
    • Today, photonics refers to the creation, manipulation and detection of light in the service of practical applications where the particle nature of light is important.
    • Optics is a general area of physics covering a wide range of topics related to the study of light. Optics includes such subfields as geometrical optics, physical optics, and quantum optics. Photonics is a subset of the optics discipline.
    • Photonics represent a growing opportunity for designing and manufacturing devices, systems and integrated circuits for applications in high-speed data communications, advanced sensing, and imaging. Photonic technologies promise orders-of-magnitude speed improvements with reduced power consumption for data transmission and ultrasensitive sensing capabilities in multiple domains.


  • Extra Low-Voltage (ELV):
    • Voltage of 50V or less (AC RMS), or 120V or less (ripple-free DC).
  • Low-Voltage (LV):
    • The International Electrotechnical Commission (IEC) defines supply system low voltage as voltage in the range 50–1000 V AC or 120–1500 V DC.
  • Medium-Voltage (MV):
    • Medium-voltage circuit breakers rated between 1 and 35/72 kV.
  • High-Voltage (HV):
    • The International Electrotechnical Commission define high voltage as above 1000 V for alternating current, and at least 1500 V for direct current.
  • Super High-Voltage: 
    • Is >300kV.
  • Ultra High-Voltage: 
    • Is >1.000kV.