Union Park Capital's Exaktera Acquires ProPhotonix Limited

Union Park Capital Acquires Majority Stake in Z-LASER GmbH

January 15, 2021

Manufacturing

Boston-based private equity firm Union Park Capital has made a majority investment in Z-LASER GmbH, a Freiburg, Germany–based designer and manufacturer of laser modules and projection systems. Z-LASER will serve as the core asset in Union Park's newly created holding company, Exaktera, to support future growth and expansion while management remains in place.

Exaktera (Union Park Capital) Acquires iiM AG

September 30, 2024

Manufacturing

Exaktera, a portfolio company of Union Park Capital, has acquired iiM AG (iiM GmbH), a German developer and manufacturer of specialty LED lighting for machine vision and optical measurement systems. The deal is an add-on to Exaktera’s machine-vision lighting platform, expanding its European footprint and complementary LED and optical measurement capabilities; terms were not disclosed.

Exaktera Acquires Advanced Illumination Inc.

August 31, 2022

Manufacturing

Exaktera LLC, a portfolio company of Union Park Capital, has acquired Advanced Illumination Inc., a designer and manufacturer of specialty LED lighting assemblies and drivers for machine vision, industrial imaging and biomedical applications. Terms were not disclosed; Advanced Illumination will continue operating from Rochester, Vermont with John Thrailkill remaining in a leadership role and will be integrated into Exaktera's precision components platform to expand machine-vision illumination capabilities.

Excelitas Technologies Acquires Phoseon Technology

February 15, 2023

Manufacturing

Excelitas Technologies Corp. completed the acquisition of Phoseon Technology, Inc. on February 15, 2023, adding Phoseon's LED-based UV curing and scientific illumination capabilities to its commercial business unit. Phoseon will continue to operate from its Hillsboro, Oregon headquarters and the deal expands Excelitas' product portfolio and R&D cooperation in UV LED solutions across industrial, medical device, electronics and life-sciences end markets.

indie Semiconductor Acquires EXALOS AG for $45 Million

September 27, 2023

Manufacturing

indie Semiconductor has completed the acquisition of Swiss photonics company EXALOS AG for about $45 million in stock, with up to $20 million of additional contingent consideration tied to 24-month revenue-based performance targets. The deal secures EXALOS' SLED and SOA technologies and a team of ~17 engineers to expand indie's laser and silicon photonics portfolio and accelerate its Autotech offerings to global tier‑1 suppliers and automotive OEMs.

Groupe HLD Acquires Photonis (now Exosens) from Ardian

November 18, 2025

Aerospace & Defense

Groupe HLD (HLD Europe) acquired Photonis Group (rebranded Exosens) from Ardian in 2021 in a reported €370 million buyout. Under HLD ownership Exosens expanded through nearly ten add-on acquisitions, grew to roughly 1,600–1,900 employees with ~€394m turnover, and completed an IPO on Euronext Paris in June 2024.