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Newport to Acquire Companies

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Newport Corp. of Irvine, Calif., is acquiring 10766%%Ophir Optronics Ltd. of Jerusalem for $230 million in cash and 6077%%High Q Technologies GmbH of Rankweil, Austria, for an undisclosed amount, to strengthen its position in photonics instrumentation and broaden its ultrafast laser capabilities. Ophir makes infrared optics, laser measurement instrumentation and 3-D noncontact measurement equipment. Its acquisition will be completed through a merger of that company with a newly formed subsidiary of Newport, with Ophir becoming a wholly owned subsidiary of Newport. The transaction is expected...Read full article

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    Published: September 2011
    Glossary
    closing
    In morphological image processing, a series of dilations followed by the same number of erosions.
    thermal imaging
    Thermal imaging is a technology that detects infrared radiation (heat) emitted by objects and converts it into an image, known as a thermogram, which displays temperature variations in different colors. Unlike visible light imaging, thermal imaging does not require any ambient light and can be used in complete darkness or through obstructions such as smoke, fog, and certain materials. Thermal cameras use sensors to detect infrared radiation and generate images based on the temperature...
    3-DacquisitionsAmericasAustriaBusinessCaliforniaclosingdealEuropeHigh Q LaserHigh-Q Technologiesinfrared opticsIsraellight speedMiddle EastNewportNewport Corp.non-contact measurementOphir OptronicsOpticsphotonics instrumentationRobert PhilippysaleshareholdersSpectra-PhysicsTest & Measurementthermal imagingtransactionultrafast lasersLasers

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