'The XIO Group paid a 16% premium on the NASDAQ-listed Lumenis' closing price on Wednesday, and a 20% premium on its IPO price from early 2014.
'"This acquisition is a strong recognition and vote of confidence in Lumenis' achievements and its employees, and I am excited about the future prospects of Lumenis," said Lumenis CEO Tzipi Ozer-Armon.
'Lumenis' main areas of research are in laser technology, intense pulsed light, and radio frequency.
'"We have created a very bright and promising future for Lumenis," continued the CEO, "by building a robust pipeline of innovative products, a strong sales team in each region, and by enhancing our global brand recognition. I am confident that we will continue to thrive and reach new heights together with XIO Group."'