Irvine, CA--Newport has entered into a definitive agreement to acquire test and measurement solutions provider ILX Lightwave (Bozeman, MT) for $9.3 million in cash. The transaction is expected to close in January 2012.
The acquisition, coupled with Newport's recent acquisition of Ophir Optronics, enables the company to offer solutions in both the scientific and industrial markets, says Robert J. Phillippy, Newport president and CEO.
ILX's product portfolio includes laser diode controllers and drivers, temperature controllers, current sources, optical power and wavelength meters, semiconductor laser/LED burn-in, test and characterization systems, and fiber-optic sources. The company will become a wholly owned subsidiary of Newport, and will operate as part of Newport's Photonics and Precision Technologies Division.
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