The Gores Group, a US-based investment firm, and Technology4Medicine have announced that they have closed on the acquisition of Fotona, a Slovenia-based manufacturer of high performance lasers for medical, dental, aesthetic and gynecological applications.
The Gores Group invested through its Small Capitalization Partners investment fund. Technology4Medicine president Jeffrey W Jones will assume the role of CEO of the combined business.
Fotona CEO Dr Matjaz Lukac said the company is extremely pleased to have completed this acquisition, which it believes will position the company well for continued growth and success.
"Fotona will continue to produce innovative, market-leading products which will serve the needs of our customers. This partnership will benefit all of Fotona’s stakeholders, including our employees," Lukac added.
The Gores Group managing director Victor C. Otley III noted the company is pleased to have partnered with Fotona management and Technology4Medicine to purchase Fotona.
"We are impressed with Fotona’s vision and technical capabilities, and we will support the business with financial resources to establish Fotona as the premier, worldwide provider of dental, medical, aesthetic and gynecological lasers," Otley III added.