Source/Type: CompoundSemi Online -- Compound Semiconductor Supply Chain News - Reported News

Lumilog Acquired by Saint-Gobain
Author: CompoundSemi News Staff

April 21, 2008... The high performance materials division of Saint-Gobain Group of France, has acquired Lumilog, a developer and producer of gallium nitride (GaN) wafers. Saint Gobain acquired Lumilog from its founders and investors, Banexi Ventures Partners, Emertec Gestion, Sophia Euro Lab SAS and TechFund Capital on April 1, 2008. Terms of the transaction were not disclosed. The Saint Gobain Group has four business divisions and employs some 200,000 people around the world. GaN is a critical material for Blu-ray laser diodes and advanced LEDs. Lumilog reported a sales volume of about €2 million (about US $3.2 million) for 2007. Saint Gobain News Release

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