What Nynomic does

Nynomic AG is a publicly listed German holding company (Deutsche Börse Scale: M7U; ISIN DE000A0MSN11) that operates a Buy-and-Build group of photonics subsidiaries developing permanent, non-contact, non-destructive optical measurement systems. Founded in 1995 in Wedel near Hamburg (originally as m-u-t GmbH) and listed in July 2007, the company employs approximately 500 people across 18 global locations and 10 subsidiaries spanning the full photonic value chain: components (specialty fibers via art photonics, miniature light sources via MGG, miniaturized spectrometers via m-u-t/Spectral Engines), mid-infrared upconversion technology (NLIR, 31% stake), process-integrated metrology for semiconductor thin-film production (LayTec), digital plant phenotyping (LemnaTec), industrial spectroscopy platforms (tec5/PROGAZE), camera/sensor test and calibration (Image Engineering), and digital infrared pyrometry (Sensortherm). The portfolio is unified by a common technology stack of spectrometers, fiber optics, infrared pyrometry, and imaging sensors.

The company serves three target markets — Life Science (medical technology, laboratory diagnostics, pharmaceutical QC and counterfeit detection), Green Tech (precision agriculture, plant phenotyping, environmental monitoring), and Clean Tech (industrial process control, semiconductor manufacturing, photonics, solar, glass and coatings) — through a B2B enterprise field sales model with direct sales via subsidiaries, OEM/embedded component relationships, and global distribution partner networks. Pricing is quote-based and not publicly disclosed; revenue is generated primarily through hardware sales of products, systems, and customized OEM solutions, supplemented by service and application engineering support. Notable customers include Novartis (long-term partnership for handheld counterfeit drug detection) and undisclosed pharma companies (Labscanner Plus), with revenue horizontally diversified across semiconductor, medtech, agricultural, and industrial process end-markets.

Nynomic reported FY2025 revenue of EUR 92.569 million, down approximately 10% from EUR 102.415 million in FY2024, following a two-year period of macroeconomic headwinds and customer order delays. The group operates with a strong balance sheet (EUR 100.668M equity, 75.2% equity ratio as of December 2025) and pursued the NyFIT2025 restructuring program to reduce costs, consolidate subsidiaries including the merger of Spectral Engines into m-u-t, and complete the full acquisition of Image Engineering in May 2026. H1 2026 results (revenue EUR 47.7M, Q2 +18.2% YoY, 23% order backlog growth, book-to-bill of 1.3x) signal a recovery trajectory, with management targeting approximately EUR 200M consolidated revenue and 16-19% EBIT margin over the medium term.

Name

Nynomic

Legal name

Nynomic AG

Website

https://nynomic.com

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Nynomic AG is a German public holding company operating a group of photonics subsidiaries that develop and manufacture non-contact optical measurement systems — components, subsystems, and complete solutions — serving industrial, scientific, and OEM customers across Life Science, Green Tech, and Clean Tech markets globally.

Ownership category

akta.pro rank

Product category

Photonics Measurement Systems

NAICS

Navigational, Measuring, Electromedical, and Control Instruments Manufacturing (3345)

SIC

Industrial Instruments For Measurement, Display, And Control (3823), Laboratory Analytical Instruments (3826), Optical Instruments & Lenses (3827)

akta.pro primary industry

Optoelectronic Components (LEDs, photodiodes, optocouplers, optical sensors) (IMAGAJAF)

akta.pro secondary industry

Optoelectronics & Photonics (LED/Laser/Optical ICs) (HDAHAAAH)

Keywords

• Optical measurement systems
• Spectroscopy instruments
• Photonics group
• Industrial process analytics
• Non-contact sensing

Headquarters

HQ city

Wedel

HQ country

Germany

HQ region

Europe

Offices10 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Product and System Sales: Nynomic generates the majority of its revenue through the sale of photonic measurement products, systems, and solutions across its portfolio of subsidiaries. Revenue is generated from components (spectrometers, light sources, fibers), systems (spectroscopy systems, process analyzers), and finished devices sold to industrial, scientific, and OEM customers.
2. OEM Components and Custom Solutions: Sale of proprietary components and customized optical measurement systems to OEM customers in medtech, semiconductors, and industrial sectors, often as integrated solutions embedded in customers' own products.
3. Service and Support: Technical support, application engineering, and after-sales service contributing to overall revenue mix, particularly given the complex integration requirements of spectroscopic and optical measurement systems.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Nynomic AG is a publicly listed German photonics holding company that develops, produces and sells permanent, non-contact and non-destructive optical measurement technology through ten specialized subsidiaries. The group covers the full photonic value chain from components (spectrometers, specialty fibers, light sources, pyrometers) through integrated systems to customer-specific measurement solutions, serving Life Science (medtech and laboratory diagnostics), Green Tech (agriculture and environmental sensing) and Clean Tech (industrial process, semiconductor and imaging) markets.

Product overview

Nynomic AG operates as a holding company providing photonic optical measurement technology through its portfolio of specialized subsidiary brands. The group offers complete value chain coverage from components through systems to applicable solutions, serving Life Science (medical technology and laboratory diagnostics), Green Tech (agriculture and environmental technology), and Clean Tech (industrial applications) markets. Key brands include Avantes (mini-spectrometers), tec5 (industrial spectroscopy systems), m-u-t (optical measurement and automation), LayTec (process-integrated metrology for semiconductors), LemnaTec (plant phenotyping), art photonics (specialty fibers), MGG (precision light sources), Sensortherm (infrared pyrometry), Image Engineering (camera calibration), and NLIR (mid-infrared upconversion technology). The company pursues a Buy-and-Build strategy with medium-term targets of approximately EUR 200 million revenue and 16-19% EBIT margin.

Differentiator

Problem solved

Functional benefit

Brands

• MGG: Miniature and precision light sources for industrial, medical and metrology applications under the MGG brand, including over 5,000 lamp types.
• NLIR
• LemnaTec
• Sensortherm
• LayTec
• art photonics
• Avantes
• PROGAZE

Products and services

• Specialty fiber solutions (art photonics) Polycrystalline mid-infrared (PIR) and metal-coated silica fibers covering 200 nm to 18 µm spectral range for spectroscopy probes in medical diagnostics and industrial process control.
• Avantes modular fiber-coupled mini-spectrometer systems Modular, customizable mini-spectrometer systems for UV, VIS and NIR measurements, sold to OEMs and end-users in agriculture, food, pharma, photonics, medical, solar, glass, semiconductor and gemology industries, with a global distribution network plus own offices in the Netherlands, USA and China.
• tec5 industrial spectroscopy and photometry systems (PROGAZE platform) Industrial systems and components for process analytics based on optical spectroscopy and photometry, featuring the PROGAZE spectroscopy platform for UV, VIS, NIR and Raman applications for integrators and end-users.
• m-u-t optical measurement technology systems (including NIRONE Spectral Platform, Labscanner Plus and miniaturized spectrometers) Customer-specific optical measurement systems for spectroscopy, sensor technology, laboratory automation, medical technology and fire detection, including the NIRONE Spectral Platform for non-additive material verification and Labscanner Plus for eight-point tablet QC in seconds.
• LayTec in-situ optical metrology for thin-film processes (Connected Metrology ecosystem) Process-integrated optical measurement technology for thin-film processes in semiconductor, photovoltaic and large-area coating industries, featuring the Connected Metrology software ecosystem that aggregates semantic in-situ and in-line wafer-characterization data for automated process control and yield optimization.
• LemnaTec digital plant phenotyping and seed testing systems Automated hardware and software systems for digital plant phenotyping and seed testing, enabling contactless AI-based analysis of morphological and physiological parameters in laboratory, greenhouse and field environments.
• MGG miniature and precision light sources Over 5,000 lamp types plus custom solutions for UV, VIS and IR spectral ranges used in optical measurement, medical technology, aerospace and telecommunications, with high manufacturing uniformity.
• Sensortherm digital infrared pyrometers for non-contact temperature measurement Digital infrared measurement systems with industry-leading digital quotient pyrometer technology for high-accuracy, high-speed non-contact temperature measurement in industrial applications.
• Image Engineering camera and multi-sensor test and calibration solutions Test and calibration equipment plus one of the world's largest independent test laboratories for image quality analysis, serving automotive, security, industrial imaging, medical technology and mobile imaging customers.
• NLIR mid-infrared spectroscopy measurement systems (upconversion technology) Mid-infrared spectroscopy measurement systems, light sources and spectrometers based on patented upconversion technology that converts MIR light into the near-visible range, enabling high-speed, sensitive industrial process measurements; spin-off from the Technical University of Denmark and held as a 31% subsidiary.

Quantifiable outcome

• Short amortization periods and significant efficiency gains for customers using Nynomic photonic measurement solutions
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• AuthentixcoreStrategic or Co-development Partner · 1 January 2026m-u-t GmbH, a Nynomic subsidiary, entered a strategic partnership with Authentix combining m-u-t's spectral technology competence with Authentix's global expertise in brand protection. The collaboration centers on the NIRONE Spectral Platform enabling rapid, non-additive material verification of solids and liquids in real field applications for anti-counterfeiting and brand authentication purposes.
• Image Engineering GmbH & Co. KG (remaining 49% acquisition)coreStrategic or Co-development Partner · 1 January 2025Nynomic AG completed the acquisition of the remaining 49% stake in Image Engineering GmbH & Co. KG in May 2026, having previously held 51%. Image Engineering is a leading manufacturer of test and calibration solutions for cameras and multi-sensor systems.
• SpexAI GmbH (asset acquisition)minorStrategic or Co-development Partner · 1 January 2025LemnaTec GmbH, a Nynomic subsidiary, acquired key assets of SpexAI GmbH to strengthen its capabilities in AI-powered imaging for plant cultivation. The SpexAI technology was successfully piloted in the legal cannabis production market and opens additional application fields.
• art photonics GmbH (acquisition)coreStrategic or Co-development Partner · 20 December 2023Nynomic AG acquired 100% of art photonics GmbH shares in December 2023. The Berlin-based company develops special fibers for optical measurement technology with approximately 30 employees and expected annual sales of EUR 4.0 million. Art photonics continues to operate as an independent brand under Nynomic's ownership, with existing contracts and relationships unaffected.
• Novartis AGcoreStrategic or Co-development Partner · 1 January 2021Nynomic entered a long-term partnership with Swiss pharmaceutical giant Novartis to develop handheld devices for counterfeit drug detection using spectroscopic analysis technology. This partnership positions Nynomic's photonic measurement solutions in pharmaceutical authentication applications.
• m-u-t GmbH (internal partnership with art photonics)coreTechnology or Integrationart photonics GmbH and m-u-t GmbH collaborated to release an application note on real-time powder identification using fiber optic probe technology. art photonics continues to promote its Transflection Fiber Probe for remote gas analysis in partnership with m-u-t.
• EPIC (European Photonics Industry Consortium)minorOthersart photonics GmbH is a member of EPIC (European Photonics Industry Consortium) and participated in the EPIC AGM & Summit 2026 and EuroPACT 2026 in Lyon, France.
• PLANT-MY-TREEminorOthersNynomic is a climate protection partner of PLANT-MY-TREE, supporting reforestation and CO2 compensation projects as well as complementary forest conversion and forest protection projects throughout Germany.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Renishaw plc: Global measurement and process control specialist offering spectroscopy (inVia Raman), encoder systems, and industrial metrology; similar customer overlap in semiconductor and industrial process analytics, though Renishaw is more focused on Raman and machine tool probing.
• HORIBA Scientific: Major manufacturer of spectroscopy, analytical, and measurement instruments including Raman, fluorescence, and ICP systems; directly competes with Avantes, tec5, and m-u-t in spectroscopy instrumentation, while serving pharma, life science, and industrial process analytics.
• Mettler-Toledo International: Global leader in precision industrial weighing and analytical measurement instruments including NIR spectroscopy for pharmaceutical and food applications; competes with tec5 and Nynomic's pharma process analytics, especially Labscanner Plus-style tablet inspection workflows.
• Hamamatsu Photonics: Global leader in photonic detectors, light sources, and spectroscopy components; closely comparable to MGG, Avantes, and NLIR across the photonic measurement value chain, but operates at significantly larger scale with a broader product portfolio.
• Carl Zeiss Industrielle Messtechnik: Provider of industrial metrology, 3D X-ray, and optical inspection systems; comparable to LayTec and Image Engineering in semiconductor and industrial imaging metrology, with particular overlap in camera calibration and quality assurance workflows.
• Bruker Corporation: Large-cap manufacturer of scientific instruments including mass spectrometry, NMR, and FT-IR/Raman spectroscopy systems; competes in laboratory and process analytical instrumentation with substantially greater R&D and global sales reach.

Emerging players

• Wasatch Photonics: US-based designer and manufacturer of OEM spectrometers, VPH gratings, and Raman spectroscopy systems for OEM and research applications; partial overlap with Avantes in compact spectrometers and tec5 in Raman modules.
• Ibsen Photonics: Danish manufacturer of diffraction gratings and OEM spectrometer modules for industrial, medical, and security applications; competes with Avantes in fiber-coupled spectroscopy modules, particularly on gratings and OEM integration.
• B&W Tek (Metrohm NIR spectroscopy): Specialty manufacturer of Raman, NIR, and UV-Vis spectrometers with strong pharmaceutical and biotech focus; competes with Avantes, m-u-t, and tec5 in pharmaceutical authentication and counterfeit detection applications, including handheld and lab-grade systems.

Direct peers

• Ocean Insight (formerly Ocean Optics): Leading manufacturer of miniature fiber-optic spectrometers and modular spectral sensing solutions for life science, agriculture, and industrial OEM applications; most direct head-to-head competitor with Avantes in compact spectrometer modules.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nynomic

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nynomic