Oct 3 2014
Laserage Technology Corporation, a global contract manufacturing source for precision laser processing, announced today the acquisition of the laser processing unit of Directed Light, Inc. (DLI). DLI’s laser processing group will be integrated into Laserage and Directed Light’s Industrial Laser Components and Service Group will not be acquired and will retain its name and brand.
The Laserage executive team views the acquisition as a strategic move, strengthening its regional contract manufacturing capabilities and solidifying Laserage’s position as a leader in precision engineered laser solutions. Through the acquisition, Laserage will now offer two state-of-the-art laser facilities located in the Midwest and in Northern California.
“We have seen significant growth in our business from our California-based customers. With the acquisition of DLI’s laser processing and contract manufacturing division, we are positioned to grow in our core competency and firmly establish our California presence, which has been our key strategic initiative,” stated Steve Capp, Laserage President and Chief Executive Officer. “We are pleased to add the long history and the local market niche of DLI to our recent acquisition of Venta Medical, a northern California company fully acquired last year, to further strengthen our support of emerging companies in this region.”
“Our respective companies share a history of innovation and attention to complex customer needs. Laserage’s purchase of Directed Light’s contract manufacturing division provides the region with 65+ years of combined experience in a wide variety of industrial laser applications, across a diverse group of industries including medical device and aerospace,” said Neil Ball, President of Directed Light.
Source: http://www.laserage.com/