1. Articles in category: Acquisition

    1-24 of 69 1 2 3 »
    1. Anzu Partners Completes Sale of Axsun Technologies to Excelitas Technologies

      Anzu Partners Completes Sale of Axsun Technologies to Excelitas Technologies

      Anzu Partners, a venture capital and private equity firm that invests in breakthrough industrial technologies, today announced that it has completed the sale transaction of Axsun Technologies to Excelitas Technologies Corp. The terms of the deal were not disclosed. Axsun Technologies is a leading developer and supplier of MEMS-based optical engines for medical imaging, industrial spectroscopy, and optical telecommunications. Axsun's optical engines enable many of the worlds leading optical coherence tomography (OCT) imaging systems used by opthalmologists, cardiologists, and other medical specialists. In recent years, Axsun has shipped more than 15,000 devices for these applications. Anzu Partners acquired ...

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    2. Excelitas gets into OCT with Axsun Technologies acquisition

      Excelitas gets into OCT with Axsun Technologies acquisition

      iversified optoelectronics company Excelitas has signed a deal to acquire Axsun Technologies from its current owner Anzu Partners. According to the companies involved, the transaction is expected to close in early 2019. No details about the agreement have been disclosed, but Axsun’s CEO Jonathan Hartmann said: “This is an outstanding opportunity for Axsun, our customers, and our employees as we continue to expand our product line and develop new markets together with Excelitas.” Massachusetts-based Axsun, which is best known for its swept-source optical coherence tomography (OCT) laser engines, became part of Anzu just over three years ago , after its ...

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    3. Axsun Technologies Announces Definitive Agreement to be acquired by Excelitas Technologies

      Axsun Technologies Announces Definitive Agreement to be acquired by Excelitas Technologies

      Axsun Technologies Inc., an Anzu Partners portfolio company, today announced that it has signed a definitive agreement to be acquired by Excelitas Technologies ® Corp., a global technology leader focused on delivering innovative, customized photonic solutions. The terms of the agreement are not being disclosed and the transaction is expected to close in early 2019. Jonathan Hartmann , CEO of Axsun, commented, "This is an outstanding opportunity for Axsun, our customers, and our employees as we continue to expand our product line and develop new markets together with Excelitas." "Our partnership with Anzu Partners has been outstanding, and we are grateful for ...

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    4. Excelitas Technologies Announces Agreement to Acquire Axsun Technologies

      Excelitas Technologies Announces Agreement to Acquire Axsun Technologies

      Excelitas expands portfolio of high performance photonics solutions serving the Medical and Industrial markets. W Excelitas Technologies ® Corp., a global technology leader focused on delivering innovative, customized photonic solutions, today announced that it has signed a definitive agreement to acquire Axsun Technologies (Billerica, MA USA). Axsun is a privately-held company specializing in the development and production of innovative, MEMS-based light engines for high performance medical imaging and industrial spectroscopy applications. Terms of the agreement are not being disclosed and the transaction is expected to Close in early 2019. F or more information on Excelitas, visit www.excelitas.com. About Excelitas ...

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    5. Moody's says Excelitas' proposed $80 million first lien term loan facility to acquire Axsun is a moderate credit negative; ratings unaffected

      Moody's says Excelitas' proposed $80 million first lien term loan facility to acquire Axsun is a moderate credit negative; ratings unaffected

      Moody's Investors Service ("Moody's") says EXC Holdings III Corp.'s (dba Excelitas) proposed $80 million incremental first lien term loan facility to fund the acquisition of Axsun is a modest credit negative, but it does not impact the company's B3 Corporate Family Ratings or stable rating outlook. Following the add-on, the USD denominated first lien term loan will increase to $685 million from $605 million ($681 million outstanding proforma at September 30, 2018). The $80 million proceeds along with $1.2 million of cash on hand will be used to fund the acquisition and approximately $5 million ...

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    6. Gooch & Housego expanding again with $16M Gould deal

      Gooch & Housego expanding again with $16M Gould deal

      London-listed optics company Gooch & Housego (G&H) has completed another significant acquisition as part of its diversification strategy – this time with a deal to buy US-based Gould Fiber Optics (GFO). Worth up to $16.4 million, the agreement should enhance G&H’s position in the aerospace and defense sectors, particularly in regard to the important US market. Military focus Founded in 1978 and headquartered in Baltimore, GFO specializes in the design, development and manufacture of fiber-optic components and subsystems, and is said to provide key components to some top-ranking US aerospace and defense customers. “The GFO product range is ...

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      Mentions: Gooch & Housego
    7. NKT Photonics to acquire Onefive, a leading supplier of ultrafast lasers

      NKT Photonics to acquire Onefive, a leading supplier of ultrafast lasers

      NKT Photonics has entered into an agreement to acquire Onefive, a leading ultrafast laser manufacturer headquartered in Zurich, Switzerland. The acquisition will strengthen NKT Photonics’ Material Processing business by adding complementary know-how and products to the portfolio. Founded in 2005, Onefive has a strong product portfolio within ultrafast lasers, especially within femto- and picosecond systems. Onefive’s customers are mainly in the medical and life science segments, but they also supply lasers to the industrial material processing and the scientific markets. The company employs 41 people mainly in Zurich, where the main production facilities are located, and in a smaller ...

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    8. Zeiss Acquisition of Insight Ophthalmic Laser Engines for 19.1M Euros

      Zeiss Acquisition of Insight Ophthalmic Laser Engines for 19.1M Euros

      On 24 February 2017 a contract was concluded between Carl Zeiss Meditec, Inc., Dublin USA, and Insight Photonics Solutions, Inc. (hereinafter “Insight”), which domiciled in Lafayette, USA, pertaining to the acquisition of 52 percent of the shares in Ophthalmic Laser Engines, LLC, Lafayette, USA (hereinafter referred to as “OLE”). The main aim of acquiring these shares is to develop and produce an akinetic swept source laser for ophthalmology, and the associated OCT system elements. Departing from the voting rights distribution, a profit distribution of 30% for Insight was agreed until 31 December 2022, which allocated as a performance-related component to ...

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    9. Abbott Agrees to Buy St. Jude in $25 Billion Deal

      Abbott Agrees to Buy St. Jude in $25 Billion Deal

      Abbott Laboratories agreed to acquire St. Jude Medical Inc. in a cash-and-stock deal valued at $25 billion that would create one of the leading makers of heart-related devices. Under the deal, Abbott agreed to swap $46.75 in cash and 0.8708 shares for each St. Jude share. The offer values each St. Jude share at about $85, representing a 37% premium to the stock’s closing price Wednesday. Shares of Abbott fell 7% to $40.60 in early trading, while St. Jude rose 25% to $77.70. The companies said the deal merges St. Jude’s strong positions in ...

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      Mentions: St. Jude Medical
    10. Canon in exclusive negotiations to acquire Toshiba Medical Systems for $6B

      Canon in exclusive negotiations to acquire Toshiba Medical Systems for $6B

      Canon has emerged as the exclusive bidder for Toshiba Medical Systems , beating out Fujifilm Holdings in the final round of discussions, and numerous others who were also reportedly interested, including Sony ( $SNE ), Konica Minolta and private equity players KKR, Bain Capital, the Carlyle Group and the U.K.'s Permira. Canon will have exclusive negotiating rights until March 18, during which the two sides will aim to hammer out the details of a final agreement, expected to be valued around ¥700 billion ($6 billion). "Toshiba has carried out a close evaluation of the overall proposals received from companies that expressed ...

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    11. Axsun Technologies announces acquisition and growth capital investment by Anzu Partners

      Axsun Technologies announces acquisition and growth capital investment by Anzu Partners

      Axsun Technologies announced that it has been successfully divested from Volcano Corporation, a subsidiary of Royal Philips, and acquired by Anzu Partners, an investment firm based in Washington DC. As part of the transaction, Axsun received a significant infusion of growth capital and an affiliate of Anzu Partners purchased the 65,000 square foot building in Billerica, MA that houses Axsun’s operations. Axsun’s experienced management team will remain in place. Jonathan Hartmann, currently VP/GM will lead the newly independent Axsun as CEO. Peter Whitney will continue as Chief Science Officer and VP of Engineering, leading technology and ...

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    12. Acquisition of Spin-out Company Bioptigen to Bring Duke Imaging Technology to New Markets

      Acquisition of Spin-out Company Bioptigen to Bring Duke Imaging Technology to New Markets

      In June 2015, microscopy and imaging systems company Leica Microsystems acquired Bioptigen Inc., a company born from Duke's Pratt School of Engineering. Formed in 2004, Bioptigen has become a leader in optical coherence tomography (OCT), an imaging technique that uses light to capture extremely high-resolution, three-dimensional pictures of the eye. Bioptigen was the brainchild of Duke’s Michael J. Fitzpatrick Professor of Engineering Joseph Izatt and CEO Eric Buckland. Since its launch, the company secured more than 60 issued patents in OCT technology, many of which were licensed from intellectual property developed by Izatt, his students, and collaborators at ...

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    13. Leica Microsystems buys Duke medical imaging spinout Bioptigen

      Leica Microsystems buys Duke medical imaging spinout Bioptigen

      A buyout announcement today from Morrisville medical imaging company Bioptigen is the latest evidence that support from the North Carolina Biotechnology Center can be important. The 2004 Duke University spinout, which makes specialized high-resolution imaging devices for non-invasive diagnoses of eye diseases and other medical applications, has reached agreement to be purchased by German powerhouse Leica Microsystems. Leica Microsystems, based in Wetzlar, Germany, a global leader in microscopy and imaging systems, said it’s buying Bioptigen to strengthen its position in the ophthalmology market. Bioptigen is a technology leader in the field of optical coherence tomography (OCT), a form of ...

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    14. Leica Microsystems to Acquire OCT Company Bioptigen

      Leica Microsystems to Acquire OCT Company Bioptigen

      Integration of Optical Coherence Tomography (OCT) Opens up New Avenues for Ophthalmology and Life Science Research Leica Microsystems, a global leader in microscopy and imaging systems, has signed a definitive agreement to acquire Bioptigen, Inc. to strengthen its position in the ophthalmology market. Bioptigen is a technology leader in the field of optical coherence tomography (OCT). The integration of OCT imaging into Leica Microsystems’ surgical microscopes will assist ophthalmologists during eye surgery. Bioptigen develops and manufactures innovative OCT systems and software and is globally successful with products for clinical as well as translational research applications. Using low-power, near-infrared light, Bioptigen ...

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    15. Law Firm Launches Investigation of the Board of Directors of Volcano Corporation Regarding the Fairness of the Sale of the Company to Royal Philips

      Law Firm Launches Investigation of the Board of Directors of Volcano Corporation Regarding the Fairness of the Sale of the Company to Royal Philips

      Levi & Korsinsky is investigating the Board of Directors of Volcano Corporation ("Volcano" or "the Company") (Nasdaq: VOLC ) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Royal Philips . Click here to learn more about the investigation: http://zlk.9nl.com/volcano-volc . Under the terms of the transaction, Volcano shareholders will receive $18.00 in cash for each share of Volcano stock they own. The investigation concerns whether the Board of Volcano breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter ...

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    16. Philips to acquire Volcano to expand global leadership position in image-guided therapy market

      Philips to acquire Volcano to expand global leadership position in image-guided therapy market

      Royal Philips (NYSE: PHG; AEX: PHIA) and Volcano Corporation (NASDAQ:VOLC), a global leader in catheter-based imaging and measurement solutions for cardiovascular applications, today announced that they have entered into a definitive merger agreement. Pursuant to the agreement, Philips will commence a tender offer to acquire all of the issued and outstanding shares of Volcano for USD 18.00 per share, or a total equity purchase price of USD 1 billion (approx. EUR 800 million), to be paid in cash upon completion. The board of directors of Volcano has unanimously approved the transaction and recommends the offer to its shareholders ...

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    17. Covidien Announces Definitive Agreement to Acquire Given Imaging for $860M

      Covidien Announces Definitive Agreement to Acquire Given Imaging for $860M

      Covidien Announces Definitive Agreement to Acquire Given Imaging Advances Covidien strategy to more comprehensively address key specialties and procedures globally Adds Given Imaging’s broad suite of minimally invasive gastrointestinal diagnostic and monitoring solutions Accelerates development of world-class gastrointestinal portfolio focused on serving patient from diagnosis to treatment Accretive to earnings per share beginning in fiscal 2015 Covidien plc (NYSE: COV) and Given Imaging Ltd . (Nasdaq: GIVN) today announced a definitive agreement under which Covidien will acquire all of the outstanding shares of Given Imaging for $30.00 per share in cash, for a total of approximately $860 million, net ...

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    18. Halliburton acquires distributed acoustic sensing systems provider Optiphase

      Halliburton acquires distributed acoustic sensing systems provider Optiphase

      Halliburton has completed acquisition of the assets of Optiphase, a provider of interferometric fiber optic sensing solutions, including distributed acoustic sensing (DAS) interrogation systems. The terms and cost of the acquisition were not disclosed. DAS technology turns a piece of fiber optic cable, similar to what one would use for cable or telephone service, into a fully distributed noise logging system. When applied to an oil and gas well, operators can tune in to any section of the fiber, and listen to what is happening in their well. Applications are varied, and include stimulation and production monitoring, verification of downhole ...

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      Mentions: Optiphase Jeff Bush
    19. Abbott to Enter Laser Cataract Surgery Market through $400M Acquisition of OptiMedica

      Abbott to Enter Laser Cataract Surgery Market through $400M Acquisition of OptiMedica

      Abbott (NYSE: ABT ) today announced it has entered into an agreement to purchase OptiMedica Corporation, a privately held, Silicon Valley-based ophthalmic device company. The acquisition will enable Abbott to expand its vision care business into the femtosecond laser-assisted cataract surgery market. Under the terms of the agreement, Abbott will acquire OptiMedica for $250 million , net of cash, plus additional payments totaling up to $150 million upon completion of certain development, regulatory or sales milestones. Currently, most cataract procedures are performed manually, with the surgeon making incisions into the eye by hand. OptiMedica's Catalys ™ Precision Laser System is designed to ...

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      Mentions: OptiMedica FDA
    20. Terumo Corporation Offers to Invest $640 Million in Olympus Corporation

      Terumo Corporation Offers to Invest $640 Million in Olympus Corporation

      Japan's Terumo Corp. proposes a merger with Olympus Corp., aiming for a buyout to block rival companies' advances. Asian medical device giant Terumo Corp. (TYO:4543) confirmed rumors of a proposed buyout of Olympus (PINK:OCPNY) in the aftermath of a $1.7 billion accounting scandal. Terumo offered a $640 million investment into Olympus, sending OCPYNY shares up 6% to a closing price of $17.44 last night. Terumo confirmed that it had proposed an investment and is looking to form a committee to investigate a joint holding company.

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    21. Buyout: Terumo aims to merge with a post-scandal Olympus Corp

      Buyout: Terumo aims to merge with a post-scandal Olympus Corp

      Japan's Terumo Corp. proposes a merger with Olympus Corp., aiming for a buyout to block rival companies' advances. Asian medical device giant Terumo Corp. (TYO:4543) confirmed rumors of a proposed buyout of Olympus (PINK:OCPNY) in the aftermath of a $1.7 billion accounting scandal. Terumo offered a $640 million investment into Olympus, sending OCPYNY shares up 6% to a closing price of $17.44 last night. Terumo confirmed that it had proposed an investment and is looking to form a committee to investigate a joint holding company. The move tops that of rival buyer Sony Corp. (TYO ...

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    22. IDEX buys Precision Photonics in $20M cash deal

      IDEX buys Precision Photonics in $20M cash deal

      IDEX Corporation, the diversified fluidics firm that became a major player in the photonics sector with the $400 million buy-out of CVI Melles Griot last year, has followed up with the acquisition of Boulder-based Precision Photonics. The $20 million cash purchase is confirmation of the company’s promised policy of consolidating the photonics business, as outlined by IDEX’s Mike Cumbo in an interview with optics.org last month. Cumbo, president of IDEX’s optics and photonics business unit, said that the company’s model was to achieve 50% of its total growth through acquisitions, and highlighted light detection and ...

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    23. Optos Finishes Hunt for OCT Technology – Acquires Instrument Division of OPKO for Potential $38M – The Real Work Starts Now

      Optos Finishes Hunt for OCT Technology – Acquires Instrument Division of OPKO for Potential $38M –  The Real Work Starts Now
      In January 2011 Roy Davis the chief executive of UK ophthalmic company Optos stated he was signaling the next step in his company’s turnaround strategy.  Davis stated he was on the hunt for OCT technology (see reference).   While Davis said, “We wouldn't rule out either buying or licensing the technology but we won't be developing it from scratch", it seemed pretty clear he preferred to acquire the technology.  While there are about 10 ophthalmic OCT companies around the world there are few that would be for sale as companies such as Zeiss, Heidelberg, and Topcon are clearly ...
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    24. OPKO Announces Sale of Ophthalmic Instrumentation Business

      OPKO Announces Sale of Ophthalmic Instrumentation Business
      OPKO Health, Inc. (NYSE: OPK) has agreed to sell its ophthalmic instrumentation business to OPTOS, Inc., a subsidiary of Optos plc, a leading and rapidly growing medical technology company engaged in the design, development, manufacture and marketing of devices to image the retina of the eye. Optos will pay OPKO $17.5 million in cash at closing, plus future royalties. The transaction has been approved by the Board of Directors of both companies and is expected to close in the fourth quarter of 2011, subject to approval of the shareholders of Optos and customary closing conditions. Optos is acquiring OPKO ...
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      Mentions: Phillip Frost Optos
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