Posted in | News | Optics and Photonics

Excelitas Acquires Photonics Products Manufacturer, Qioptiq

Excelitas Technologies, a global technology leader focused on delivering innovative and customized optoelectronics to OEMs seeking high-performance technology solutions, announced that is has completed the acquisition of Qioptiq, a privately-held company specializing in the design and manufacture of photonic products and solutions for a wide range of markets and applications. Qioptiq was acquired from Arle Capital Partners, a London based private equity firm.

The combination of Excelitas and Qioptiq – with their complementary product portfolios and global footprints – offers a diversified range of products to OEM customers worldwide looking for both passive and active optoelectronic capabilities. In addition, the combined companies result in increased geographic penetration in North America, Europe and Asia. The acquisition increases Excelitas’ employee base from 3,000 to 5,000 individuals supporting the combined companies in locations around the world.

“By bringing together two industry-leading organizations, 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, Chief Executive Officer, Excelitas Technologies. “This acquisition transforms Excelitas into an end-to-end provider of advanced photonic subsystems and solutions.”

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 – to provide its customers in the safety, security, medical and industrial markets with advanced power solutions. Also in 2012, Excelitas acquired Colorado-based Carsan Engineering to build out its world-leading capabilities in arc lamp power supplies specifically for OEM customers serving the medical and dental lighting markets.

This announcement marks the close of a definitive agreement signed by Excelitas Technologies and Qioptiq on September 27, 2013. The terms of the deal are not being disclosed.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Excelitas Technology. (2019, February 26). Excelitas Acquires Photonics Products Manufacturer, Qioptiq. AZoOptics. Retrieved on June 14, 2024 from https://www.azooptics.com/News.aspx?newsID=18114.

  • MLA

    Excelitas Technology. "Excelitas Acquires Photonics Products Manufacturer, Qioptiq". AZoOptics. 14 June 2024. <https://www.azooptics.com/News.aspx?newsID=18114>.

  • Chicago

    Excelitas Technology. "Excelitas Acquires Photonics Products Manufacturer, Qioptiq". AZoOptics. https://www.azooptics.com/News.aspx?newsID=18114. (accessed June 14, 2024).

  • Harvard

    Excelitas Technology. 2019. Excelitas Acquires Photonics Products Manufacturer, Qioptiq. AZoOptics, viewed 14 June 2024, https://www.azooptics.com/News.aspx?newsID=18114.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.