Qioptiq to be acquired by Excelitas Technologies
Above: Qioptiq produces equipment, sub-assemblies, modules and components for defense, aerospace, counterterrorism and homeland security.
Qioptiq was formed in 2005 when it was acquired from Thales by Candover Partners. It has been managed by Arle Capital Partners since 2010.
During the period from 2005 Qioptiq has developed into a global specialist in the photonics industry serving the commercial, defence and aerospace markets.
Qioptiq operates from 10 different locations in the UK, Germany,Singapore, US and Hungary and employs over 1,900 people.
Excelitas Technologies provides innovative, customised optoelectronics and advanced electronic systems to a global customer base of leading OEMs seeking high-performance, market-driven technology solutions.
Commenting on the sale, David Marks, CEO of Qioptiq said: “Since the formation of Qioptiq in 2005, the company has developed into a strong player in the photonics industry, through organic growth and strategic acquisitions. The strength of the new combined entity will benefit our customers and create opportunities for our employees.”
Terms of the deal are not being disclosed. The transaction is subject to customary closing conditions and is expected to be completed within the next 60 days.
