Luna acquires Micron Optics, expands optical and fiber-optic testing and sensing portfolio

Oct. 18, 2018
Due to the complementary nature of Micron's products, Luna expects a smooth integration with its existing product lines.

Luna Innovations Incorporated (Roanoke, VA; NASDAQ: LUNA), manufacturer of fiber-optic test and measurement technology, has acquired Micron Optics (Atlanta, GA), manufacturer of optical components and laser-based measurement technology. Micron Optics' sensing and measurement solutions are deployed in multiple industries including automotive and aerospaceLuna's core customer base.

Due to the complementary nature of Micron Optics' products, Luna expects a smooth integration with its existing product lines. The combined product portfolio has the potential to provide customers with better capabilities and broader offerings, as Micron Optics brings products with higher speeds and longer measurement range. The acquisition also positions Luna to better penetrate its existing markets of aerospace and automotive with fiber-optic test solutions, through access to an expanded product portfolio and broader customer base, including more direct access to customers in Asia through Micron Optics' overseas sales channels.

"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 CEO of Luna. "We are focused on scaling our two vertical marketsstructural 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."

VP and GM of Luna's Lightwave Division, Brian Soller, said, "We are very familiar with Micron Optics and are pleased to welcome their team to Luna. We see this as a perfect fit with our core strategic sensing capabilities and expect to immediately integrate Micron Optics into our existing infrastructure. We believe that this acquisition will drive value by allowing us to further penetrate our core target markets and expand our technology by leveraging Micron Optics' engineering expertise and unique capabilities."

SOURCE: Luna Innovations;

About the Author

Gail Overton | Senior Editor (2004-2020)

Gail has more than 30 years of engineering, marketing, product management, and editorial experience in the photonics and optical communications industry. Before joining the staff at Laser Focus World in 2004, she held many product management and product marketing roles in the fiber-optics industry, most notably at Hughes (El Segundo, CA), GTE Labs (Waltham, MA), Corning (Corning, NY), Photon Kinetics (Beaverton, OR), and Newport Corporation (Irvine, CA). During her marketing career, Gail published articles in WDM Solutions and Sensors magazine and traveled internationally to conduct product and sales training. Gail received her BS degree in physics, with an emphasis in optics, from San Diego State University in San Diego, CA in May 1986.

Sponsored Recommendations

Ask the Expert: Building Better Laser Micromachining Systems

Dec. 8, 2023
Dr. Cliff Jolliffe, Head of Strategic Marketing, Industrial Automation, Physik Instrumente (PI), fields questions about integrating controls for different motion systems and lasers...

Video: December 8, 2023 Photonics Hot List

Dec. 8, 2023
In this episode, we cover a microscopy method that hits uncharted cell territory, drone-based imaging for solar farm inspection, soliton microcombs that boost conversion efficiency...

China’s industrial laser market shows steady growth in turbulent times

Dec. 8, 2023
This in-depth market update focuses on trends in laser processing and industrial lasers while touching on what to expect in the ultrafast laser, fiber laser, LiDAR, and handheld...

What does it take to land venture capital for photonics-driven startups?

Dec. 7, 2023
Capital to grow a startup company can come from many sources: contract and non-recurring engineering (NRE) funding, angels and friends, customer upfront payments, and venture ...

Voice your opinion!

To join the conversation, and become an exclusive member of Laser Focus World, create an account today!