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Palomar Acquires Axsys Fiber Automation Division

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VISTA, Calif., Nov. 6 -- Palomar Technologies, a manufacturer of automated high-precision assembly systems, has acquired the Fiber Automation Div. (FAD) of Axsys Technologies. The new organization, Palomar Photonics Automation, will continue engineering and manufacturing operations in its Pittsburgh facility as a wholly owned subsidiary of Palomar Technologies. Patents and intellectual property relating to nanopositioning and fiber alignment were included in the purchase. Terms of the acquisition were not disclosed. In March 2002, Palomar Technologies and Axsys' FAD joined with two other...Read full article

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    Published: November 2002
    industrialNews & Features

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