The deal is expected to be completed in the next quarter after securing the necessary regulatory approvals.
Qioptiq was acquired by Candover in 2005 and has been managed by Arle since 2010. The company operates in Germany, UK, USA, Hungary and Singapore, serving both the commercial and the aerospace and defence sectors.
Arle partner Nils Stoesser said, “Since Qioptiq was originally acquired back in 2005, we have helped the company develop into the global player it is today. Growing organically as well as through strategic acquisitions in Germany and the UK, Qioptiq is now a leading player in the photonics sector.
“Qioptiq’s leading edge capabilities and products serve a number of markets – medical, life sciences, semi-conductor, machine vision through to aerospace.”
Last month it was reported that Arle was looking to exit Innovia, which supplies material used to make banknotes.
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