GSI Lumonics Acquires Dynamics Research Unit
May 30, 2003 — BILLERICA, Mass., May 30 -- GSI Lumonics Inc. announced this month it has acquired the principal assets of the encoder division of Dynamics Research Corp., of Wilmington, Mass., for $3.3 million in cash, subject to adjustment and the assumption of certain liabilities. The integration of the encoder division into GSI Lumonics' Component Products Group in Billerica is scheduled for August. Charles Winston, GSI Lumonics' CEO and president, said, "This acquisition is consistent with GSI Lumonics'...