Ocean Insight Acquires ILT, Adds Light Measurement Capabilities
Ocean Insight has acquired International Light Technologies (ILT), a producer of light measurement and detection systems and customized light source solutions. ILT’s offerings are used in biomedical, environmental, agricultural, food and beverage, and industrial applications.
Halma plc made the purchase for ~$26.6 million. Ocean Insight, which was acquired by Halma in 2004, comprises Halma’s environmental and analysis sector.
Based in Peabody, Mass., ILT's portfolio of light sources and light measurement systems expands Ocean Insight’s presence in light measurement and detection systems, and enhances its ability to apply spectral knowledge to solve measurement challenges across different markets, industries, and sectors.
In a statement, Ocean Insight President Michael Edwards said that the combination will serve to amplify optical sensing product innovations.
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