GSI Lumonics Finalizes Acquisition of General Optics

KANATA, Ontario, Canada, Sept. 25 -- GSI Lumonics Inc. has acquired all of the issued and outstanding shares of General Optics Inc. in Moorpark, Calif. The transaction was payable in cash.
With the addition of skilled employees and the advanced technology in the area of coating and substrate cleaning processes, we anticipate this acquisition will accelerate our strategic initiatives in telecom optics, said Charles Winston, president and CEO of GSI Lumonics. We plan to integrate General Optics' capabilities to enhance our existing product offerings.
Established in 1974, General Optics is a supplier of precision optics products to the semiconductor, aerospace and defense industries.