IPG Photonics buys British Telecom portfolio

IPG Photonics Corp., an Oxford company specializing in high-power fiber lasers and amplifiers, today reported that it has purchased a photonics patent portfolio from British Telecom.

The patents are in the fields of optical fiber lasers and amplifiers, semiconductor devices, integrated optics, fiber gratings, high-speed systems, and optical networking, said IPG, whose press release did not disclose financial details of the transaction.

"With the purchase of these important patents, IPG's intellectual property portfolio is unparalleled in the fiber laser field," Valentin P. Gapontsev, IPG Photonics' chief executive, said in a statement.
(By Chris Reidy, Globe staff)