Photonics assembly and testing supplier ficonTEC Service GmbH (Achim, Germany) has entered into and implemented a structured investment agreement with RoboTechnik Intelligent Technology (Suzhou, China).
The investment is intended to provide agile financial resources for ficonTEC as a whole to aggressively pursue a strengthening of their global market position, as well as set a plan into action to realize at least a doubling of overall revenue in a short period of time. Immediate consequences of the investment include a proactive expansion of ficonTEC’s business operations across a number of high-growth, integrated photonics-enabled application sectors in all significant technology regions, such as those found in Europe, the U.S., and Asia.
At the regional level within Europe, this has already expedited during 2020 an increase of space, resources, and manpower for R&D, production, and sales. A dedicated sales & support team is currently being established in the U.S., including creation of well-connected application labs at a major U.S. research location.
In parallel to these developments, ficonTEC China can additionally pursue a more autonomous path in developing IP and machine systems tailored to the particular demands of the markets it serves. Given the terrific growth expected for diverse application areas affected by continued integrated photonics development within the Chinese region, as well as RoboTechnik’s own understanding of the Chinese markets, it is clear that the RoboTechnik investment will be instrumental in this process.
This strategic move, approved by the German authorities, has been implemented to promote the continued business success across all of ficonTEC’s current and future fields and regions of activities, through the well-established and highly experienced management team led by co-founders Matthias Trinker (CFO) and Torsten Vahrenkamp (CEO) based in Germany. In addition, management of core assets such as IP and software is rigorously protected under ISO/IEC 27001, ensuring strict confidentiality of owned and customer IP rights.
Jun Dai, Chairman and CEO at RoboTechnik, explains that ficonTEC will complement RoboTechnik’s position as a supplier of robot-based automated manufacturing systems, and enable the company to grow in the area of silicon photonics device manufacturing.