Leoni acquires substantially all assets of Richard Losch, Inc.
Nuremberg, Germany -- Leoni has taken another step in strengthening its position in the field of fiber optic solutions. Effective 2nd July, 2012, the leading supplier of cables and cable systems for the automotive sector and other industries acquired substantially all assets of Richard Losch Inc. in an asset deal. The company specializes in fiber optic solutions for high-power laser applications. Leoni continues to operate out of Bend, Oregon and Mr. Losch, founder and previously CEO of Richard Losch Inc., joined Leoni as Technical Director High Power Lasers.
The operations in Oregon were first established in 1991 by Richard Losch and his wife Linda Losch. Over the past decade, Richard Losch has established an international reputation as a solutions provider for high-power laser applications. Currently, twelve employees produce high quality fiber solutions using unique connector designs and proprietary manufacturing techniques. This allows for the manufacture of connectors and cable assemblies with unmatched precision and extremely tight tolerances. International OEMs in the industrial, medical and biotechnology markets as well as research institutions and defense contractors rely on the company’s products and services.
The product portfolio includes custom-made high-power and special water-cooled connectors, all of which are built in-house. Based on these connectors, the company manufactures tailor-made assemblies for a broad range of applications and instruments and also assists its customers in the repair of high-power cables as a specialty service.
The acquisition of Richard Losch Inc. further strengthens Leoni’s international profile in technologically challenging niche markets. It falls in line with the overall strategic objective to expand into new technologies and regions ensuring sustainable, profitable growth.
Leoni’s Fiber Optics Business Unit is already one of the leading suppliers of optical fiber technology for special applications in industry, sensor technology and analysis, as well as in science, communication and laser medicine.
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