Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

Goodrich to Acquire Sensors Unlimited

Photonics.com
Sep 2005
CHARLOTTE, N.C., Sept. 7 -- Sensors Unlimited Inc. (SUI) today accepted a $60 million cash offer to merge with Goodrich Corp., a Charlotte, N.C., supplier of systems and services to aerospace, defense and homeland security markets.

SUI, based in Princeton, N.J., is a developer of indium gallium arsenide (InGaAs) imaging technology, designed for extremely low light conditions, and has in-house manufacturing capabilities for advanced infrared cameras and short-wave infrared (SWIR) and near-infrared focal plane arrays. Its products are made for military, security, industrial, commercial and telecommunications markets for applications including surveillance, health and safety protocols and historical art inspection.

The new business that will result from the merger will become part of Goodrich's existing Optical and Space Systems Div. and will operate at SUI's Princeton facility. SUI will retain its name and its existing 50 employees, who hold manufacturing and engineering positions at that facility.

Marshall Larsen, chairman, president and CEO of Goodrich, said, "Short-wave infrared sensors and near-infrared imaging systems, created with indium gallium arsenide technology, will significantly strengthen our position in the high-growth markets for surveillance and reconnaissance systems as well as homeland security applications."

For example, he said, SWIR technology can be incorporated into Goodrich's DB-110 airborne reconnaissance system, which is being used by the UK Royal Air Force, and into its laser perimeter awareness systems, used in homeland security applications

The definitive agreement, announced yesterday, was approved by both companies' boards and is expected to close in the fourth quarter of 2005, subject to customy regulatory approval. The companies said 2005 sales for the new business are expected to be $19 million.

In related news, Finisar Corp., a developer of fiber optic solutions for high-speed data networks, announced today it will realize a gain of approximately $12 million on the sale of its minority interest in Sensors Unlimited pending the closing of the acquisition.

For more information, visit: www.goodrich.com




GLOSSARY
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.