Advanced Medical Optics Acquires WaveFront Sciences
SANTA ANA, Calif., Jan. 16, 2007 -- Advanced Medical Optics Inc. (AMO), a maker of medical devices and laser vision-correction systems, today announced the acquisition of privately held WaveFront Sciences Inc., a provider of wavefront diagnostic systems for refractive surgery and medical research, for $20 million in cash.
AMO said it will pay $14 million at closing and another $6 million if WaveFront meets certain performance milestones over the next three years. Based in Albuquerque, N.M., WaveFront provides highly sensitive optical measurement systems for space telescopes and makes a high resolution Shack-Hartmann-based aberrometer that gives detailed measurements for LASIK laser vision correction procedures. It employs approximately 50 people.
"With this transaction, we secure proprietary technologies and R&D expertise in wavefront sensing and laser optics, which we expect will allow us to further strengthen our Advanced CustomVue laser vision correction technology and accelerate the introduction of next-generation diagnostics that build on our WaveScan Wavefront systems," said AMO Chairman, President and CEO Jim Mazzo.
The WaveFront acquisition follows AMO's Jan. 8 announcement of its intent to acquire IntraLase Corp., a provider of femtosecond laser technology (See: Advanced Medical Optics to Buy IntraLase for $808M). AMO said it expects to complete the Intralase transaction in the second quarter of 2007.
For more information, visit: www.amo-inc.com
- 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...
- In considering a field of electromagnetic energy emanating from a source, the wavefront is a surface connecting all field points that are equidistant from the source.
MORE FROM PHOTONICS MEDIA