Newport has announced that it has inked a contract for the acquisition of High Q Technologies, a manufacturer of ultra-fast lasers.
Newport is a supplier of sophisticated-technology products for the microelectronics, defense/security, aerospace, and scientific research markets.
President and CEO of Newport, Robert J. Phillippy stated that the company is adding High Q to its Spectra-Physics Lasers Division. High Q develops femtosecond lasers that are being utilized in surgical procedures, a growing application in the fields of health and life sciences market, which it has not been contributing to earlier. He also mentioned that the acquisition of High Q would enhance the company’s position in the European laser markets and offer substantial additional proficiency in picosecond laser technology that is ideal for enhancing high-growth applications in the manufacturing sector for precision industrial products.
High Q Technologies’ Chairman and founder, Dr. Daniel Kopf stated that the Spectra-Physics Lasers Division of Newport is a well known manufacturer in the laser market and that its global service and sales network would lay a platform for expanding High Q’s business. Kopf added that the partnership would enable them to offer a broad array of laser solutions for emerging and existing applications.
Source: http://www.newport.com/