Precision Optics Corporation (Gardner, MA), which designs and manufactures advanced optical instruments for the medical and defense industries, has completed the acquisition of Lighthouse Imaging LLC (Windham, ME). The acquisition combines the two companies’ capabilities in medical optics and digital imaging—Precision Optics’ micro-optics and optical systems and Lighthouse Imaging’s optical imaging electronics and system integration.
Precision Optics and Lighthouse Imaging believe up to four new projects should transition from engineering to production in the coming year, providing opportunities for significant growth going forward.
Lighthouse Imaging was most recently owned by Anania & Associates Investment Company, a private equity firm focusing on Maine-based companies. Peter V. Anania, its president and chairman, will join Precision Optics’ board of directors. Lighthouse Imaging’s management team, including CEO Tom Snyder, Chief Commercial Officer Robert Austring, and Chief Technology Officer Benjamin Gray, have agreed to continue with the combined company.
Source: Precision Optics Corporation press release via PR Newswire