Tuesday, October 16, 2018

Luna Innovations acquires Micron Optics -- optical measurement

Luna Innovations, which specializes in high-performance fiber optic-based test products for the telecommunications industry and distributed fiber optic-based sensing for the aerospace and automotive industries, has acquired Micron Optics, a provider of optical components and laser-based measurement technology. Financial terms were not disclosed.

Micron Optics’ sensing and measurement solutions are deployed in multiple industries including in automotive and aerospace, Luna’s core customer base.


“This acquisition exemplifies execution of the strategy we’ve developed. The acquisition of Micron Optics fits squarely within our core technology platform and target markets, and we believe will act as a catalyst to accelerate growth,” said Scott Graeff, President and Chief Executive Officer of Luna. “We are focused on scaling our two vertical markets – structural testing and sensing as well as communications testing – with a particular emphasis on the growing aerospace and automotive areas. We intend to drive growth organically and through the strategic deployment of capital. This acquisition is a prudent use of capital that is quickly accretive to our earnings, consistent with the parameters I’ve outlined previously, in terms of driving long-term value creation.”

Luna divests its Optoelectronics division to OSI


Luna Innovations has sold its Optoelectronic Solutions (OPTO) business to OSI Optoelectronics, a subsidiary of OSI Systems, for up to $18.5 million. Luna’s OPTO division designs and manufactures fully integrated photonic solutions. Luna acquired the business in 2015 as part of its merger with Advanced Photonix. The division reported revenue of $13.1 million for the year ended December 31, 2017. As part of the transaction, employees associated with...

Luna sells optical receivers business to MACOM for $29.5m

Luna Innovations, supplier of products for the aerospace, automotive, energy, defence and telecommunications markets, announced that MACOM Technology Solutions has agreed to buy the assets and operations related to its high-speed optical receivers (HSOR) business.The purchase price includes $29.5 million to be paid in cash at closing and an additional $4.0 million to be held in escrow until December 15, 2018 for possible working capital adjustments...

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