Photonis Eyes Infrared Imaging Market with Xenics Acquisition

Technology company Photonis has signed a definitive agreement to acquire Xenics, a Belgian developer and manufacturer of infrared solutions. Photonis’ technology supports the defense and industrial markets. Camera maker Xenics is a leading supplier in Europe of shortwave infrared (SWIR) imagers. Its offerings support machine vision, biomedical, and thermography applications, among others.

Terms of the transaction were not disclosed. The deal is expected to be finalized in the coming weeks, the companies said.

According to the companies, the merged group will provide imaging products to its business-to-business customers through mastering of component manufacturing, a large geographical reach, and advanced technological capabilities. With the acquisition, according to Jérôme Cerisier, CEO of Photonis, the team is aiming to create a European integrated leader in advanced imaging in high-end markets.

Xenics is based in Leuven, Belgium. Photonis has operations globally, including in France, the Netherlands, and China.