Qioptiq Group to acquire Point Source
FEBRUARY 19, 2008--International designer and manufacturer of optical solutions, Qioptiq, has entered into an agreement to acquire Point Source, a producer of fiberoptic laser delivery systems and lasers.
FEBRUARY 19, 2008--International designer and manufacturer of optical solutions, Qioptiq, has entered into an agreement to acquire Point Source, a producer of fiberoptic laser delivery systems and lasers. Point Source, based near Southampton, UK, employs 70 people and had revenues of €12 million (approx. US $22 million) in 2007. It specializes in fiberoptic laser delivery systems and lasers for commercial applications in biotechnology and semiconductor manufacturing.
Qioptiq CEO Benoit Bazire, commenting on the acquisition, said: "As a group we have an existing small laser capability, yet it is an important part of the whole photonics arena. As such, we have been looking to strengthen our range of capabilities. The acquisition of Point Source brings us a considerable fiberoptic laser capability, which will be invaluable to the group, giving our client base a more complete choice of services and solutions."
David Pointer, managing director of Point Source, said: "This is a very exciting next step in our journey. Joining the Qioptiq Group opens up a range of international markets for us and provides a significantly broader range of products and services for our customers. I am especially pleased with the great career opportunities it gives Point Source employees, both here in the UK and abroad."
The acquisition of Point Source follows on from the successful acquisition of LINOS AG by Qioptiq at end of 2006. Point Source will become part of Qioptiq's Optical Systems Division headed by group vice president Volker Brockmeyer. The division focuses on advanced optical system solutions for the strong growth markets of IT & communications, health care and life sciences, industrial manufacturing, and microptics.
In other news, Qioptiq Imaging Solutions announced a new international representative relationship established with Lahat Technologies (Tel Aviv, Israel). Effective immediately, Lahat Technologies replaces Eisenberg Brothers as the authorized dealer/distributor for Qioptiq imaging products and services in Israel.
Lahat vice president David Poleg will lead the sales and support team for Qioptiq Imaging Solutions in representing Qioptiq comprehensive custom optical design/engineer/manufacturing services, as well as its industrial imaging product brands including Optem machine vision lenses and accessories, A-Zoom2 automated probing microscopes, and Fetura advanced imaging platforms.