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Norwest Equity Buys CVI Laser Optics Unit

Photonics.com
Jun 2003
ALBUQUERQUE, N.M., and MINNEAPOLIS, Minn., June 25 -- Norwest Equity Partners announced it has acquired the laser optics business of CVI Laser Corp., a provider of laser optics and assemblies to the electro-optics market. The CVI Laser optics business now conducts operations as CVI Laser LLC.

Norwest Equity Partners is an equity investment firm affiliated with Wells Fargo & Co., with offices in Minneapolis and Los Angeles. CVI, based in Albuquerque, N.M., makes optics and optical systems; its components are used in high-performance laser systems and research institutions. It has manufacturing operations and sales offices in Livermore, Calif., and Putnam, Conn., and in Seoul, South Korea and the Isle of Man.

CVI's instrumentation division, Spectral Products, will continue to operate as a separate company with headquarters in Putnam, Conn., under the management of Haggie Hahn.

For more information, visit: www.cvilaser.com



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