Following their appointment as Joint Administrators of M Squared Lasers Limited on 27 August 2025, Alistair McAlinden and Geoff Jacobs from Interpath have completed a sale of the company’s intellectual property and certain other assets to Novacene Photonics Limited.
The sale follows an extensive post-appointment marketing exercise implemented by the Joint Administrators.
Upon consideration of several offers received at the closing date, the Joint Administrators granted preferred bidder status to Novacene, following which a detailed sale agreement was entered into. The transaction represents the best outcome available for the administration.
Geoff Jacobs, Joint Administrator and Managing Director at Interpath, said: “Following a wide-ranging post-appointment marketing exercise, we are pleased to have secured a sale of M Squared’s intellectual property and certain other assets to Novacene Photonics Limited. The Company’s intellectual property assets in particular attracted interest from a variety of parties. We wish Novacene well for the future and hope to see the business develop and potentially provide future opportunities for the former customers and suppliers of M Squared.”
A spokesperson for Novacene Photonics commented: “Novacene Photonics is pleased to announce the purchase of intellectual property and certain assets from M Squared Lasers, and looks forward to building upon M Squared’s pioneering legacy in photonics.”
