Qioptiq announced on September 30 that the company has entered into an agreement for Excelitas Technologies to acquire 100% of the shares of Qioptiq.
Qioptiq was formed in 2005 when it was acquired from Thales by Candover Partners. In the time period from the acquisition to current day, Qioptiq grew into a global specialist in the photonics industry serving the commercial, defense, and aerospace markets. The company operates from 10 different locations in Germany, the United Kingdom, Singapore, the United States, and Hungary, and employs more than 1,900 people. Since 2010, the company had been managed by Arle Capital Partners.
Excelitas Technologies is a provider of customized optoelectronics and electronic systems to a global customer base of leading original equipment manufacturers seeking market-driven technology solutions.
"Since the formation of Qioptiq in 2005, the company has developed into a strong player in the photonics industry, through organic growth and strategic acquisitions. The strength of the new combined entity will benefit our customers and create opportunities for our employees." said David Marks, CEO of Qioptiq.
Terms of the deal are not being disclosed and the transaction is subject to customary closing conditions and is expected to be completed in the next sixty days.
View more information on Qioptiq.
View more information on Excelitas Technologies.
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