Focalspec, the Finnish deep tech startup that develops sensors and patented imaging technology, has been acquired by by TKH Group, a multi-billion Dutch corporation specialized in high-end technology across telecoms, building, and industrial solutions. The startup will join the LMI Technologies group, owned by TKH.
Founded in Oulu, Finland in 2009, Focalspec was a spin-off from VTT, the National Technical Research Institute of Finland. The company has developed ultra sensitive and high-speed optic sensors, as well as patented Line Confocal Imaging (LCI) technology, which is used around the world in quality assurance applications, particularly in electronics and mobile devices. Far from the lab of its origins, today Focalspec has reached industrial-scale production with sales operations in China. Now the business will have access to the LMI Group’s extensive international sales network, as well as stronger market positioning, having joined a global leader in 3D inline scanning and inspection. FocalSpec chairman Sauli Törmälä said: “The addition of LCI technology to the 3D product portfolio of LMI Technologies builds a highly complementary set of solutions for metrology applications in critical assembly processes. Along with their leading inspection software, we believe FocalSpec and LMI will be a true powerhouse of metrology in the years to come and look forward to joining forces.” Operations and R&D will continue in Finland. In fact, the startup’s Oulu base will serve as LMI’s global competence center for LCI technology. FocalSpec investors include VTT Ventures, Voima Ventures, Nordic Option, and Veritas Pension Insurance. Details of the deal were not disclosed.