Showing posts with label Luna. Show all posts
Showing posts with label Luna. Show all posts

Tuesday, April 30, 2019

Luna Innovations cites $6M order for tunable lasers

Luna Innovations received a purchase order valued at more than $6 million to supply it Phoenix tunable lasers to a leading robotics company. The lasers will be delivered over four years, with deliveries beginning this summer.

Luna’s Phoenix tunable external cavity laser was designed for a wide range of fiber optic sensing instrumentations.

http://www.lunainc.com

Thursday, March 7, 2019

Luna Innovations acquires General Photonics

Luna Innovations has acquired General Photonics Corporation, a Chino, California-based supplier of optical components, modules and test equipment. General Photonics is focused on the generation, measurement and control of polarized light critical in fiber optic-based applications. The purchase price was $20 million, which includes a potential $1 million earnout payment.

Luna said General Photonics’ component and module product lines are an ideal addition to its own product portfolio. Its polarization measurement instruments are highly complementary to Luna’s line of optical measurement tools.

“We are excited to announce the acquisition of General Photonics, another step in the execution of our core strategy. This acquisition brings a highly complementary product portfolio to the capabilities of Luna’s communications test products,” said Scott Graeff, President and Chief Executive Officer of Luna. “We intend to drive a quick and smooth integration as both company’s products are built on similar electronics, optics and software platforms for high-precision measurement and control of light. This deal further demonstrates our commitment to use capital prudently for transactions that are quickly accretive to our earnings, and it is consistent with our previously stated goal to drive long-term value.”

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...

Wednesday, August 1, 2018

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 the OPTO division located in Camarillo, CA and Montreal, Quebec, are expected to transfer to OSI.

Luna said it plans to use transaction proceeds to invest in its core fiber optic based test and measurement platform.

OSI Systems is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, healthcare, defense, and aerospace industries.

“The transaction demonstrates strong execution of our strategy to focus our business on our core, fiber optic based test and measurement technology platform,” said Scott Graeff, President and Chief Executive Officer of Luna.

“The addition of Luna’s Optoelectronic Solutions business is well aligned with our focus on expanding and enhancing our product portfolios,” said Manoocher Mansouri, OSI Optoelectronics’ President. “As a leader in this area, this acquisition is expected to be a complementary addition with its highly regarded, customized solutions.”






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