NEWS
Tags: 

Excelitas completes acquisition of Qioptiq

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.

Twitter icon
Google icon
Del.icio.us icon
Digg icon
LinkedIn icon
Reddit icon
e-mail icon