RAITH acquires Xnovo Technology ApS in its continued expansion drive

We are very excited to announce a further acquisition as we follow our vision of pushing the frontiers of nanotechnology. As of November 21, the dynamic and innovative Danish technology development company Xnovo has been acquired by the RAITH Group. The company, which is a spin-out of DTU and was founded in 2012, specializes in advanced imaging methods and materials characterization.

The integration of Xnovo will enable us to meet the growing demand for sophisticated imaging and metrology solutions across various scientific and industrial applications. The company’s advanced methods offer both critical understanding and significant analytical value based on its expertise in imaging methods, algorithm development, machine learning / AI, and software development.

The new acquisition now enables us to provide our customers with more advanced possibilties, especially in the fields of failure analysis and metrology. “We are thrilled to welcome Xnovo to RAITH, a move that aligns perfectly with our strategic vision of challenging the frontiers of nanotechnology and breaking into new dimensions by enhancing our ability to innovate and deliver exceptional value to our customers. We are convinced that we will realize outstanding technological and structural synergies that will positively impact on customer workflows and markets. In collaboration with the Xnovo team led by Dr. Erik Lauridsen and Dr. Christian Holzner, we look forward to developing new solutions for our customers’ challenges,” says Dr. Michael Steigerwald, CEO of RAITH Group.

"Joining forces with RAITH enables us to take the next step on our growth journey and ensures that we can continue to drive innovation and offer enhanced capabilities to our customers, backed by the strength of a global technology leader,” says Dr. Erik Lauridsen, CEO of Xnovo. "This acquisition gives us the opportunity to scale our impact while staying true to our core mission—developing innovative imaging and analysis solutions," adds Dr. Christian Holzner of Xnovo. 

Xnovo was founded in December 2012. As a spin-out from the Technical University of Denmark (DTU), it was the commercial result of more than 20 years of synchrotron and diffraction imaging research. The innovative technology development company has since established itself as a leader in developing novel imaging solutions for research, failure analysis, and quality control. Xnovo will continue its business following the acquisition, serving both existing and new customers, while also contributing its expertise to support and enhance RAITH’s product portfolio.

We are confident that the acquisition will bring many benefits for our customers and for both companies. We are looking forward to the next weeks and months and are happy to welcome the new colleagues to RAITH. We highly value the additional expertise they bring to our team.

Are you interested in more information? Don’t hesitate to get in touch.