Andritz AG (WBAG:ANDR) signed an agreement to acquire 50.1% stake in Powerlase Photonics Limited on April 18, 2017. Powerlase Photonics Limited will be renamed to Andritz Powerlase and will be based in Crawley, UK.

Andritz AG (WBAG:ANDR) completed the acquisition of 50.1% stake in Powerlase Photonics Limited on June 14, 2017.