Tuesday, January 17, 2012
Newport Corporation Completes ILX Lightwave Buy
Irvine-based Newport Corporation said Tuesday that it has completed its acquisition of ILX Lightwave. The deal had been announced in December. Newport said it paid $9.3M in cash for ILX, which had 2011 revenues of approximately $8M. ILX Lightwave is a developer of test and measurement equipment used for laser diodes and other photonic components.