Excelitas to acquire Axsun and grow medical and industrial markets
Customized photonic solutions company Excelitas Technologies (Waltham, MA) has signed a definitive agreement to acquire Axsun Technologies (Billerica, MA). Axsun is a privately held company specializing in the development and production of MEMS-based light engines for high-performance medical imaging and industrial spectroscopy applications.
Terms of the agreement are not being disclosed and the transaction is expected to close in early 2019.
Excelitas Technologies says it delivers high-performance, market-driven photonic solutions to meet the lighting, detection, and optical technology needs of global customers. From biomedical technology to research laboratory, safety and security, consumer products, semiconductor, energy and environment, industrial sensing & imaging, defense and aerospace, Excelitas Technologies has approximately 6700 employees in North America, Europe, and Asia.
Axsun Technologies, established in 1998, is a developer and supplier of MEMS-based optical engines for medical imaging, industrial spectroscopy, and optical telecommunications applications. Through its expertise in micro-optics, packaging and precision engineering, Axsun says it has pioneered an entirely new class of high-performance, miniaturized instruments and devices that enable a shift from lab-based measurements to on-line, at-line, and in-vivo measurements.
SOURCE: Excelitas Technologies; http://www.excelitas.com/Pages/News_Events/Press_Release12_12_2018.aspx
Gail Overton | Senior Editor (2004-2020)
Gail has more than 30 years of engineering, marketing, product management, and editorial experience in the photonics and optical communications industry. Before joining the staff at Laser Focus World in 2004, she held many product management and product marketing roles in the fiber-optics industry, most notably at Hughes (El Segundo, CA), GTE Labs (Waltham, MA), Corning (Corning, NY), Photon Kinetics (Beaverton, OR), and Newport Corporation (Irvine, CA). During her marketing career, Gail published articles in WDM Solutions and Sensors magazine and traveled internationally to conduct product and sales training. Gail received her BS degree in physics, with an emphasis in optics, from San Diego State University in San Diego, CA in May 1986.