Oasys Acquires Diamond Turning
MANCHESTER, N.H., July 13, 2006 -- Oasys Technology LLC announced it has acquired Diamond Turning Inc. (DTI), a Manchester, N.H., provider of precision diamond-turned optics. It makes precision reflective, diffractive and refractive elements for use in infrared, visible and ultraviolet systems. Terms of the acquisition, which closed on July 7, were not disclosed.
Oasys, which is also based in Manchester, is an OEM supplier of precision electro-optical solutions for aerospace, defense, homeland security and commercial markets. The company said the acquisition will reduce its lead times for development and production of electro-optical systems and subassemblies; increase its competitiveness through performance enhancements and cost reductions by enabling it to closely couple precision optical fabrication to optical, mechanical and electrical design engineering; and reduce its overhead and administrative costs.
"The DTI acquisition is a very significant milestone for Oasys," said Mike Couture, CEO of Oasys. "It is the first acquisition we have made, and DTI immediately lets us extend our IP into optical manufacturing technology as well as broaden the range of services and products we offer our customers."
For more information, visit: www.oasys-technology.com
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