Amplitude acquires Continuum Lasers
4 July 2014Tweet
Amplitude, a manufacturer of laser systems, has acquired Continuum Lasers, which supplies laser products for scientific, industrial and commercial applications, from its current owner GSI Group. The acquisition will significantly expand Amplitude’s product range, which the company believes will secure its growth for years to come.
By offering both laser systems and laser products serving a range of markets, Amplitude will be capable of meeting the demands in the laser marketplace more effectively. It is expected that turnover is will reach $84 million and that the total number of people employed by the new entity will increase from 200 to 270.
‘We look forward to working together more closely to expand our offering of photonic solutions and leverage the strong brands that both teams have established,’ said Gilles Riboulet, CEO of Amplitude Technologies.
‘The recognised excellence of Continuum, and its location at the heart of the Silicon Valley in a brand new industrial facility, will strengthen our support capability to our growing base of industrial, medical and scientific customers,’ added Eric Mottay, CEO of Amplitude Systèmes.
‘I believe this combination will enhance our product development capabilities and brings us into partnership with a technology leader that is focused on scientific lasers,’ said Larry Cramer, general manager of Continuum Lasers.