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Newport Acquires Design Technology

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IRVINE, Calif., Feb. 6 -- Newport Corp., manufacturer and distributor of precision components and systems used for development and application of laser and optical technologies, has acquired Design Technology Corp., a systems integrator specializing in robotics and flexible automation. The acquisition was a stock deal aimed at enhancing Newport's fiber optics automation capabilities. Newport said the acquisition would add $5 to $10 million to its 2001 sales and would add to earnings per share. Design Technology, based in Billerica, Mass., provides experience in the development of...Read full article

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    Published: February 2001
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