Thursday, December 29, 2011

Newport Corporation Buys ILX Lightwave

Irvine-based Newport Corporation announced this morning that it has acquired ILX Lightwave Corporation, a developer of test and measurement products for laser diodes and other photonic components. Newport Corporation said it will pay $9.3M in cash for ILX. ILX is headquartered in Bozeman, Montana, and is expected to have $8M in revenues this year. Newport said ILX becomes a part of its Photonics and Precision Technologies Division.