Optical designer and manufacturer, Qioptiq, has completed its acquisition of Point Source, a specialist producer of fibre optic laser delivery systems and lasers. Point Source, based near Southampton in the UK, employs 70 people and had revenues of £12m in 2007. It specialises in fibre optic laser delivery systems and lasers for commercial applications in biotechnology and semiconductor manufacturing. Qioptiq announced it had entered into an agreement to acquire Point Source last month – the deal is now complete following normal closing conditions.
Qioptiq CEO, Benoit Bazire said: ‘ We are delighted that the acquisition has gone through successfully. We will now be working on fully integrating the company into the Qioptiq Group so that we can make full use of Point Source’s excellent laser capabilities.’ Point Source becomes part of Qioptiq’s Optical Systems Division headed by group VP, Volker Brockmeyer. The division focuses on advanced optical system solutions for the strong growth markets of IT & Communications, Healthcare & Life Sciences, Industrial Manufacturing and Microptics.