Altechna expands laser technology company group

UAB Altechna, Lithuanian manufacturer and distributor of laser optics, optoelectronics and laser components, has purchased the major stake of optical coating company Optida Co Ltd.
By this investment Altechna is seeking to extend manufacturing capabilities, to ensure the production of unique laser optical components with dielectric coatings within the company group and pay special attention to quality control. Also company plans to design and develop new products and invest in update of technical facilities.
Altechna has been operating in the laser industry since 1996. Currently company has nearly 40 employees. Almost all employees have academic backgrounds in physics. The Company operates in three main areas: supplying general optics, optoelectronics and laser related products, designing of optomechanical assemblies, and providing innovative solutions for academic and industrial customers.
Optida is the largest optical coating company in Lithuania. It manufactures optical coatings and delivers services in optical technology field. Company is developing and manufacturing optical components for lasers, laser systems and optical devices. Within company developed optical coating technologies enables to manufacture optical elements corresponding international standards.
Another member of Altechna company group is UAB Altechna R&D, internationally known as Workshop of Photonics^®. It is involved in the development and commercialization of instruments and solutions for laser micromachining tasks for both industrial and academic customers.

Altechna group is owned by individual persons and growth capital fund LitCapital I. LitCapital I acquired a minority stake in the company in 2013 and provided the company with resources required for rapid growth. LitCapital is a EUR 25 million size growth capital fund incorporated in Lithuania. LitCapital I fund was established under the JEREMIE initiative in cooperation with European Investment Fund (EIF) and is aimed at investing into the expansion of private Lithuanian companies.

Investment agreement

LitCapital has signed an agreement to acquire a minority stake in Altechna UAB. Fresh capital will be used to finance the purchase of additional technological equipment and increase the in-house R&D capacity by strengthening the ability to conduct high quality scientific research for commercialization purposes. The total planned investment will amount up to 3m EUR.
“Our latest investment is a very attractive opportunity to contribute to the growth and development of a company that is involved in high value added high-tech industry. We firmly believe that additional capital and the ability to use fund’s team management experience and network will significantly increase company’s financial and development capacity to create and commercialize new systems and products in the field of optoelectronics and grow the business very substantially. We are fascinated by the company’s intellectual potential. Almost all products and services are being sold worldwide.” – says Šarūnas Šiugžda, the founder and managing partner of LitCapital.
The company has been operating in the industry since 1996. Currently Altechna has nearly 40 employees. Almost all employees have academic backgrounds in physics. The Company operates in three main areas: supplying general optics, optoelectronics and laser related products, designing of optomechanical assemblies, and providing innovative solutions for academic and industrial customers. Company puts a lot of effort to ensure the highest quality of products sold to its customers. Altechna R&D, UAB (brand name Workshop of Photonics) - a subsidiary fully owned by Altechna, is involved in the development and commercialization of few new high-tech technologies. There are 17 researchers and engineers working at Altechna R&D.
“We are working on a number of complex projects that involve application of laser technologies in industrial use in cooperation with universities from Lithuania, Australia, Italy and UK. It is a real challenge that requires speed, investments and sound business decisions to achieve success and be competitive in the global marketplace. We hope that the input from venture capital fund will significantly contribute to our success and speed up our international expansion” – says Dr. Gintautas Šlekys, chairman of the board of Altechna group companies.

Exciting changes of Altechna waiting for you

Altechna is happy to invite you to our updated web page www.altechna.com. Its new modern design is easier to navigate and to get to the desirable categories. The product tree is now clearer and more comfortable to use – search for the products of interest: general optics, polarization optics, laser & nonlinear crystals, optomechanics, lasers, accessories, and scientific cameras. Our e-shop has also become more user-friendly as we have separated the stock products and left only catalogue items for your convenience; thus, you will avoid confusion upon ordering your products. 

Change of address

We kindly inform you that our company’s address will change from 15th of April, 2013. All correspondence and shipments should be addressed to:
UAB Altechna, Mokslininku st. 6A, 08412 Vilnius, Lithuania.

Laser crystals white paper series

Altechna presents white papers series dedicated to laser crystals. First product to be presented is Ti:Sapphire.
Titanium doped Sapphire (Al2O3:Ti3+) is a popular crystal, used for making ultra short pulse solid-state or wavelength tunable lasers. These crystals combine supreme thermal and optical properties with broadest lasing range among other materials. Its indefinite stability and short lifetime, in addition to lasing over entire band of 660 to 1050 nm makes Ti:sapphire lasers suitable for variety of applications spanning from material processing to time resolved and multi-photon spectroscopy.
To view full product description please download white paper.

Laser World of Photonics

On May 13-16 Altechna will be participating in world's leading trade show for optical technologies - Laser World of Photonics 2011 in Munich, Germany.
Visit us in hall B1, booth no.553.

PHOTONICS. WORLD OF LASERS AND OPTICS'2013

Altechna will be participating in PHOTONICS. WORLD OF LASERS AND OPTICS'2013 exhibition in Moscow, Russia on 25-27of March.
We would like to invite you to meet us at stand no. 71C12.
Fore more details please visit official exhibition website.

Healthcare and Medical Technologies in Korea

On March 18-22 Altechna is joining business mission event for Healthcare and Medical Technologies in South Korea.
Here we will be presenting our latest laser solutions for healthcare:

• Optics for medical lasers
  
• Femtosecond optics
• Optomechanical units
  

Altechna is looking for customers and cooperation partners in South Korea. We are pleased to invite You to discuss business collaboration opportunities in exhibition meeting hall in COEX Intercontinental Hotel, Seoul. To arrange scheduled meeting please contact us at [email protected]

SPIE Photonics West 2013

Altechna will be participating in 2013 SPIE Photonics West exhibition in San Francisco, USA on 5 - 7 of February.
We would like to invite you to meet us at stand no. 5242 in North hall D and present:

• New products: radial polarization converter S-waveplate, GTI chirped mirror, Yb:CaF2, Nd:YLF and Yb:KGW laser crystals
• TOP products: axicons, Ti:Sapphire crystals, Mid-IR waveplates
• Laser optics direct from stock www.instockoptics.com
• Brand new Product catalog 2013.

To arrange scheduled meeting please contact [email protected].

Healthcare and Medical Technologies in Korea

On September 17-21 Workshop of Photonics is joining business mission event for Healthcare and Medical Technologies in South Korea.

Here we will be presenting our latest laser solutions for healthcare:

• Laser micromachining technology and its applications in medicine
  
• Optically Pumped Semiconductor Laser

WOP is looking for customers and cooperation partners in South Korea. We are pleased to invite You to discuss business collaboration opportunities in exhibition meeting hall in COEX Intercontinental Hotel, Seoul. To arrange scheduled meeting please contact us at [email protected]