Lapmaster Wolters Secures Minority Investment from Cynosure and Fernweh
The investment will support product development, capacity expansion and global growth across semiconductor, advanced packaging and precision surfacing markets.
Lapmaster Wolters and Precision Surfacing Solutions (“Lapmaster Wolters”), a leading global supplier of high-precision machine systems and consumables to the semiconductor, advanced materials, precision optics, and advanced packaging industries, announced the completion of a minority equity investment by affiliates of The Cynosure Group (“Cynosure”) and Fernweh Group (“Fernweh”). The investment strengthens the balance sheet and adds long-term, engaged partners to support the company’s next phase of growth.
Positioned for growth
Demand for ultra-high-precision surface finishing continues to grow as customers in semiconductors, advanced materials, and precision optics push toward tighter tolerances and higher throughput. These tailwinds are further reinforced by sustained investment in semiconductor and advanced-packaging capacity, the expansion of AI and high-performance-computing supply chains, and the growing adoption of advanced materials such as silicon carbide in electric vehicles and other power applications.
Lapmaster Wolters’ differentiated technology, decades of engineering expertise, and worldwide customer relationships position it to capture this demand as customers scale. Lapmaster Wolters machines are used in the production of a significant share of prime semiconductor wafers in the world, and it continues to extend its leadership with next-generation products. With the support of Cynosure and Fernweh, the investment provides Lapmaster Wolters with additional capital and strategic partners to accelerate product development, expand its global sales and service network, and invest in capacity and enabling precision surfacing technologies.
Commenting on the partnership, Nirmalya Maity, Chief Executive Officer of Lapmaster Wolters and Precision Surfacing Solutions, said, “This partnership is a strong endorsement of our team, our technology, and the customers we serve. Cynosure and Fernweh share our long-term orientation and our commitment to precision, quality, and innovation. Their investment gives us added resources and patient, engaged partners as we continue to expand our global footprint and invest in next-generation surfacing technology.”
Brian Nelson, Executive Chairman of Lapmaster Wolters and Precision Surfacing Solutions, added, “Building Lapmaster Wolters into a global leader in precision surfacing has been a career-long endeavor. In Cynosure and Fernweh, we have found partners who understand our business, respect what we have built, and share our commitment to our people, our customers, and our long-term vision. This investment gives us the resources and the partnership to keep innovating and growing for years to come.”
Blake Ressel, Managing Director of the Cynosure Group, said, “Lapmaster Wolters is a category leader, combining a long-standing legacy in precision surfacing and finishing technologies with deep engineering expertise and a differentiated position in attractive, growing end markets. We are proud to partner with the company’s talented team and to support its ambitious growth agenda while preserving the culture and customer focus that have made it successful.”
Nick Santhanam, Founder of Fernweh Group, added, “Lapmaster Wolters is an essential industrial-technology business enabling the world’s most advanced manufacturing. We look forward to working alongside management and Cynosure to accelerate innovation, scale the platform globally, and build lasting value.”
Cantor Fitzgerald & Co. served as financial advisors and Latham & Watkins served as legal counsel to Lapmaster Wolters and Precision Surfacing Solutions.
