- News
2 August 2018
OSI buys Luna’s OPTO business
© Semiconductor Today Magazine / Juno PublishiPicture: Disco’s DAL7440 KABRA laser saw.
Luna Innovations Inc of Roanoke, VA, USA (which makes high-speed fiber-optic test products for the telecoms industry and distributed fiber-optic sensing for the aerospace & defense and automotive industries) has sold its Optoelectronic Solutions (OPTO) business for up to $18.5m to photodiode and optical sensor maker OSI Optoelectronics Inc, a subsidiary of OSI Systems Inc of Hawthorne, CA, USA (a vertically integrated designer and manufacturer of specialized electronic systems and components for the homeland security, healthcare, defense, and aerospace industries).
“The transaction demonstrates strong execution of our strategy to focus our business on our core fiber-optic-based test & measurement technology platform,” says Luna’s president & CEO Scott Graeff. “This divestiture is another important step in ensuring we have a robust and flexible balance sheet and a portfolio of complementary, scalable businesses,” he adds.
“The addition of Luna’s Optoelectronic Solutions business is well aligned with our focus on expanding and enhancing our product portfolios,” says OSI Optoelectronics’ president Manoocher Mansouri. “This acquisition is expected to be a complementary addition with its highly regarded, customized solutions.”
Originally acquired in 2015 as part of its merger with Advanced Photonix Inc (API), Luna’s OPTO division designs and manufactures fully integrated photonic solutions for a wide range of industries. Revenue for 2017 was $13.1m.
OPTO division staff in Camarillo, CA, USA and Montreal, Quebec, Canada are expected to transfer to OSI. Luna plans to use the proceeds to invest in its core fiber-optic-based test & measurement platform, consistent with the key focus of its long term strategy.
Luna selling High-Speed Optical Receivers business to MACOM for $33.5m
Luna and Advanced Photonix complete merger
©2006-2020
Juno Publishing and Media Solutions Ltd. All rights reserved. Semiconductor
Today and the editorial material contained within it and related media is
the copyright of Juno Publishing and Media Solutions Ltd. Reproduction in
whole or part without permission from Juno Publishing and Media Solutions
Ltd is forbidden. In most cases, permission will be granted, if the magazine
and publisher are acknowledged.