Excelitas Technologies, a global technology leader focused on delivering optoelectronics to OEMs seeking high-performance technology solutions, recently announced it has entered into a definitive agreement to acquire Qioptiq, a privately-held company specializing in the design and manufacture of high performance photonic products and solutions for a wide range of markets and applications.
“Excelitas and Qioptiq are both market leaders in their respective product spaces and our combined portfolio of active and passive optoelectronics products and capabilities will offer the global OEM community a one stop source for high reliability, high performance photonic components and subsystems solutions,” said David Nislick, Chief Executive Officer, Excelitas Technologies.
The combined companies will serve a market opportunity of over $4B worldwide and will leverage its broad technology and manufacturing portfolio, supported by approximately 5,000 employees to accelerate OEM customers’ innovation and growth.
Terms of the deal are not being disclosed. The transaction is subject to customary closing conditions and is expected to be completed in the next 60 days.
About Excelitas Technologies
Excelitas Technologies is a global technology leader focused on delivering innovative, customized solutions to meet the lighting, detection and other high-performance technology needs of OEM customers. From medical lighting to analytical instrumentation, clinical diagnostics, industrial, safety and security, and aerospace and defense applications, Excelitas Technologies is committed to enabling our customers' success in their end-markets. Excelitas Technologies has approximately 3,000 employees in North America, Europe and Asia, serving customers across the world.
Qioptiq designs and manufactures photonic products and solutions that serve a wide range of markets and applications in the areas of medical and life sciences, industrial manufacturing, defense and aerospace, and research and development. The company is known for its high-quality standard components, products and instruments, its custom modules and assemblies, its leading-edge innovation, its precision manufacturing and its responsive global resourcing. Through a series of acquisitions, Qioptiq has an impressive history and pedigree, and benefits from having integrated the knowledge and experience of Avimo, Gsänger, LINOS, Optem, Pilkington, Point Source, Rodenstock, Spindler & Hoyer and others. Qioptiq has a worldwide presence with locations throughout Europe, Asia and the USA, employs over 1,900 people. For more information, visit www.qioptiq.com.
SOURCE: Excelitas Technologies