Friday, February 6, 2015
Newport Corporation Buys FEMTOLASERS
Irvine-based Newport Corporation has acquired FEMTOLASERS Produktions GmbH, an Austrian manufacturer and developer of laser systems for the scientific and biomedical research area, the company said Thursday. Financial terms of the buy were not announced. Newport Corporation said that it expects FEMTOLASERS sales to be in the range of $8M to $12M in the first 12 months after the acquisition closes. Newport Corporation said that FEMTOLASERS makes ultrafast lasers which are used in the stufy of physical, chemical and biological phenomena at the atomic and subatomic levels. FEMTOLASERS becomes part of Newport's SpectroPhysics division.