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Excel Technology Buys CO2 Laser-Maker Synrad

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Robert C. Pini

Pursuing a strategy to strengthen its laser products line, Excel Technology Inc. recently acquired Synrad Inc. of Mukilteo, Wash., a maker of sealed, all-metal CO2 lasers, for about $22 million. Wall Street investors initially reacted to the news by pushing up the price of Excel stock. Excel Chairman and CEO J. Donald Hill said the deal fills a gap in the company's growth and marketing strategy. "We're trying to be a broad-based laser solutions company," Hill said. "Sealed CO2 laser technology has expanding applications in industrial and other markets, including low-cost laser solutions in...Read full article

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    Published: October 1998
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