• NIL Technology (NILT), part of NGP Capital portfolio since 2018, has announced signing an agreement to be acquired by Radiant Opto-Electronics Corporation (ROE)
• NILT is a leader in advanced meta-optics and produces high-performance, compact, and energy-efficient optical solutions used in devices like smartphones, AR/VR headsets, automotive, and robotics
• The acquisition, expected to close in the first quarter of 2025 pending regulatory approval

Copenhagen, Denmark, September 19, 2024. NIL Technology ApS (NILT) and Radiant Opto-Electronics Corporation (ROE) today announced the signing of a formal share purchase agreement for ROE to fully acquire NILT.

The acquisition follows ROE’s current active collaboration with NILT and investment in NILT earlier this year. The acquisition is subject to governmental approval and is expected to be completed during first quarter of 2025.

NILT will continue its operation unaffected and continue to support all its customers with design, prototyping and mass production of meta-optics, as well as continue with its other business activities serving our customer with masters for imprinting and replication, providing nano-structure foundry services, and offering the CNI imprint tool.

“ROE is committed to further develop and scale NILT, and I am very enthusiastic about the opportunities that ROE brings to NILT. ROE has experience in high-efficient mass production of displays, and we will benefit from this expertise while scaling NILT further for mass production of meta-optics targeting consumer electronics”, says Theodor Nielsen, CEO, founder, NILT.

Read more about ROE here: www.radiant.com.tw

Read more about NILT here: www.nilt.com

‍