GSI Group Reports First Quarter 2014 Growth

GSI Group Inc., a global supplier of precision photonics and motion control components for medical equipment and advanced industrial markets, saw moderate growth during the first quarter of 2014.

The company reported revenue of $79.1 million for the first quarter this year, a 5.4 percent increase over first-quarter 2013 revenue of $75.1 million.

GSI’s acquisition of Jadak — a provider of optical data collection and machine vision technologies for medical OEMs — earlier this year has already contributed a growth in revenue of 2.9 percent.

The company’s laser products and precision motion segments saw 10 percent and 12 percent increases, respectively, while the medical technologies division was down 5 percent.

The company anticipates continued growth throughout 2014, with an expected increase of 13 to 19 percent in the second quarter, compared to the same period last year.

For more information, visit www.gsig.com.