Halma Buys Fiberguide
AMERSHAM, England, Sept. 9, 2008 -- Sensor, safety and technology group Halma announced Tuesday it has acquired Fiberguide Industries Inc. for an initial payment of $14.5 million in cash.
Fiberguide, located in Stirling, N.J., makes complex optical fiber cables and assemblies, predominantly custom designed for OEMs in diverse end markets where high performance light delivery or measurement is required. Approximately half of their revenues (about $10.7 million in 2007) come from medical/biomedical, spectroscopic and analytical instrument applications. Fiberguide will join Halma's Photonics business within its Health and Analysis sector, the company said.
"Fiberguide deepens our presence within the growing photonics market and strengthens our existing fiber optic assembly activities. There are excellent opportunities for Fiberguide to develop strongly within Halma -- particularly through technical collaboration and growth in international markets which currently represent less than 5 percent of Fiberguide's revenues," said Andrew Williams, Halma's chief executive.
Other companies in Halma's Boonton, N.J.-based Health Optics and Photonics group include Ocean Optics of Dunedin, Fla., a manufacturer of miniature fiber optic spectrometers; and Labsphere of North Sutton, N.H., a maker of light testing and measurement products and specialized optical coatings.
Halma said the acquisition was funded from its existing cash and debt facilities. If Fiberguide meets certain performance targets between Oct. 3, 2009, and Oct. 2, 2010, Halma could pay up as much as $10 million more for the acquisition.
For more information, visit: www.halma.com
- Pertaining to optics and the phenomena of light.
- optical fiber
- A thin filament of drawn or extruded glass or plastic having a central core and a cladding of lower index material to promote total internal reflection (TIR). It may be used singly to transmit pulsed optical signals (communications fiber) or in bundles to transmit light or images.
- 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...
- A kind of spectrograph in which some form of detector, other than a photographic film, is used to measure the distribution of radiation in a particular wavelength region.
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