Prima Industrie, controlled by Alpha Private Equity and Peninsula Capital, has signed an agreement with Lumibird concerning the sale of Convergent, Prima Industrie’s business unit active in the development and production of laser sources.
Giovanni Negri, CEO of Prima Industrie, stated: "After many successful years in the laser sources business, Prima Industrie has decided to sell Convergent, in order to further focus on its core business, the development and production of laser cutting and sheet metal processing machinery and systems. We are pleased to sell Convergent to a player such as Lumibird, which will allow the company to further unlock its potential."