QPC Lasers Acquired

Sylmar-based Quintessence Photonics Corporation, or QPC Lasers, a manufacturer of high power laser diodes, has been acquired by a New York-based investment group. According to New York-based private equity firm DMC Capital Funding, it led a group acquiring Quintessence Photonics, which is the operating subsidiary of QPC Lasers. Financial terms of the deal were not disclosed. QPC will become Laser Operations LLC, which has acquired all of the assets of Quintessence Photonics. The firms said that the company will focus on opportunities in the medical, industrial, defense, and consumer display markets.