Arasor Buys Novalux

Arasor International Ltd. of Mountain View has acquired the assets of Novalux Inc. of Sunnyvale, both in California, for $7 million in stock and the assumption of debt. The purchase will enable Arasor to provide an end-to-end solution for the manufacture of light sources in the laser display industry and will leverage its joint venture with ZTE of Shenzhen, China.





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