||Waltham, MA — Excelitas Technologies has completed the acquisition of Qioptiq, a privately-held company specializing in the design and manufacture of photonic products and solutions for a wide range of markets and applications. Qioptiq was acquired from Arle Capital Partners, a London based private equity firm. The combination of Excelitas and Qioptiq, with their complementary product portfolios and global footprints reportedly offers a diversified range of products to OEM customers worldwide looking for both passive and active optoelectronic capabilities. In addition, the combined companies result in increased geographic penetration in North America, Europe and Asia. The acquisition increases Excelitas' employee base from 3,000 to 5,000 individuals supporting the combined companies in locations around the world.
Contact: Excelitas Technologies Corp., 200 West Street, Waltham, MA 02451 855-382-2677 fax: 781-290-4702 Web: http://www.excelitas.com