Luna Announces Sale of Optoelectronic Solutions to OSI Optoelectronics

Luna Innovations Inc., an advanced optical technology manufacturer, has announced it has closed on the divestiture of its Optoelectronic Solutions (OPTO) business to OSI Optoelectronics Inc., a subsidiary of OSI Systems Inc., for up to $18.5 million.

OSI Systems Inc. is a vertically integrated designer and manufacturer of specialized electronic systems and components for critical applications in the homeland security, health care, defense, and aerospace industries.