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LitCapital portfolio company Altechna expands by acquiring Optida

2013-06-20

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 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 laser optics, optoelectronics and laser related products, designing of optomechanical assemblies, and providing innovative solutions for academic and industrial customers.

Optida is the largest optical coatings 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.

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