PRINCETON, N.J., July 27 -- Impex HighTech Inc., a German maker of laser and optical components, recently announced it has purchased Princeton Scientific Corp., (PSC), a Princeton, N.J., supplier of material science and engineering-related products and particle beam line technology to laboratory scientists, engineers and industrial manufaturers. Terms of the deal were not disclosed.
Founded in 1991, PSC markets primarily to universities and the industrial research community. The company will retain its name.
HighTech said the expansion is part of its strategy for growth in the US and Canada.
"The material program of PSC is an almost ideal complement to the one of Impex," Impex said in a statement. "The merger and integration of both companies is beneficial for our customer and should also result in new product developments in the upcoming years."
For more information, visit: www.impex-hightech.de