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Excelitas Technologies Corp. - X-Cite Vitae LB 11/24

Axsys Technologies Purchases DiOp

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Axsys Technologies Inc. of Rocky Hill, Conn., has purchased Diversified Optical Products Inc. for $60 million in cash. The Salem, N.H., company provides IR surveillance camera equipment for military and national security, and is an OEM supplier of military-grade thermal targeting and imaging lenses. Axsys will integrate the company into its Optical Systems Group. The acquisition, which is expected to enhance Axsys' position as a supplier of vertically integrated IR surveillance systems, represents a step in the company's strategy to apply its optical and motion control capabilities in the...Read full article

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    Published: June 2005
    Axsys Technologies Inc.Businessdefenseimaging lensesIR surveillance camera equipmentlight speedmilitaryOEM supplier

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