GSI Group, a global supplier of laser, precision motion, and vision technologies, has announced that it will acquire Lincoln Laser Company for $11 million in cash. The transaction, which GSI believes will help the company to penetrate further applications, is expected to close in November 2015.
Lincoln Laser Company is a Phoenix, Arizona-based provider of ultrafast precision polygon scanners and other optical scanning solutions for the medical, food processing, and advanced industrial markets. Its family of ultrafast, polygon-based beam steering solutions are highly complementary to GSI's existing galvanometer-based beam delivery products.
The Lincoln Laser Company business will integrate within Cambridge Technology, a GSI business unit and leading provider of galvanometer-based, optical scanning solutions for advanced industrial and medical applications.
Cambridge Technology has been designing, developing and manufacturing beam steering solutions including galvanometer-based optical scanning components, two-axis and three-axis scan heads, scanning subsystems, high-power scanning heads, and controlling hardware and software for more than 40 years. Key market applications include advanced industrial processes, medical microscopy, ophthalmology, OCT, and any application where laser beam steering is required.
‘The combination of Lincoln Laser Company with Cambridge Technology creates an expanded range of highly competitive beam delivery technologies that significantly enhances our value proposition with OEM customers in growth applications,’ said John Roush, chief executive officer at GSI.
‘As the functionality of lasers becomes faster and more precise, we are now well positioned to provide the latest in ultrafast beam steering solutions to our customers,’ added Chris Tecca, president of Cambridge Technology. ‘The addition of the Lincoln Laser Company's technology and their extensive industry knowledge extends our capabilities to further penetrate attractive applications.’