Excelitas to acquire Axsun and grow medical and industrial markets

Axsun says its miniaturized instruments and devices enable a shift from lab-based to in-vivo measurements.

Dec 13th, 2018

Customized photonic solutions companyExcelitas Technologies (Waltham, MA) has signed a definitive agreement to acquire Axsun Technologies (Billerica, MA). Axsun is a privately held company specializing in the development and production of MEMS-based light engines for high-performance medical imaging and industrial spectroscopy applications.

Terms of the agreement are not being disclosed andthe transaction is expected to close in early 2019.

Excelitas Technologies says it delivers high-performance, market-driven photonic solutions to meet the lighting, detection, and optical technology needs of global customers. From biomedical technology to research laboratory, safety and security, consumer products, semiconductor, energy and environment, industrial sensing & imaging, defense and aerospace, Excelitas Technologies has approximately 6700 employees in North America, Europe, and Asia.

Axsun Technologies, established in 1998, is a developer and supplier ofMEMS-based optical engines for medical imaging, industrial spectroscopy, and optical telecommunications applications. Through its expertise in micro-optics, packaging and precision engineering, Axsun says it has pioneered an entirely new class of high-performance, miniaturized instruments and devices that enable a shift from lab-based measurements to on-line, at-line, and in-vivo measurements.

SOURCE: Excelitas Technologies; http://www.excelitas.com/Pages/News_Events/Press_Release12_12_2018.aspx

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