Electro Scientific Acquires Company for $36 Million
Electro Scientific Industries Inc. of Portland, Ore., a provider of photonic microengineering solutions, has agreed to acquire New Wave Research (NWR) Inc. of Fremont, Calif., a developer and manufacturer of high-end laser-based systems and components, for $36 million net cash outlay. NWR will provide ESI entry into the sapphire wafer scribing market through its Accuscribe systems, as well as into LCD repair with its Quicklaze suite of products.
- 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...
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