Search
Menu
Meadowlark Optics - Wave Plates 6/24 LB 2024

Scan-Optics Completes Acquisition of Photomatrix

Facebook X LinkedIn Email
MANCHESTER, Conn., June 23 -- Scan-Optics, Inc. has completed its acquisition of product rights and certain assets of Photomatrix, Inc.'s subsidiary, Photomatrix Imaging Corp. The entire Photomatrix Imaging product and services business-- including the assets of the UK subsidiary, Photomatrix, Ltd.--will be transferred to Scan-Optics. For the cash purchase price of $2.1 million, Scan-Optics will acquire Photomatrix Imaging's current and future assets valued at $3.9M and will assume its current and future liabilities of $1.9M. Scan-Optics will also acquire the functional areas of the subsidiary's business, including customer service, sales, marketing, manufacturing, and product development. Scan-Optics expects to move manufacturing operations, administration and management to its Manchester, Connecticut headquarters, and to employ certain former Photomatrix employees in sales, engineering and customer service.
Bristol Instruments, Inc. - 872 Series LWM 10/24 MR

Published: June 1999
industrialNews & Features

We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.