Excelitas Technologies has completed its acquisition of photonic company Qioptiq. Qioptiq was acquired from Arle Capital Partners, a London based private equity firm for an undisclosed sum.
Qioptiq is the third acquisition consummated by Excelitas since its formation in late 2010. In 2012, the company acquired Kaiser Systems, a Massachusetts-based manufacturer of high-voltage power systems. Also, in 2012, Excelitas acquired Colorado-based Carsan Engineering to build its capabilities in arc lamp power supplies specifically for OEM customers serving the medical and dental lighting markets.
‘By bringing together two industry-leading organisations, we are strengthening our presence worldwide, capitalizing on a $4.4 billion market opportunity, uniting a world-class employee base and unifying our vision to deliver the most innovative and high-performance solutions available,’ said David Nislick, CEO of Excelitas Technologies. ‘This acquisition transforms Excelitas into an end-to-end provider of advanced photonic subsystems and solutions.’
The acquisition increases Excelitas’ employee base from 3,000 to 5,000 individuals supporting the combined companies in locations around the world.
