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  • Exfo Life Sciences Div. Acquired
Oct 2010
NEW YORK, Oct. 7, 2010 — The Riverside Co. announced the acquisition of the Life Sciences and Industrial Division of Quebec-based Exfo Inc., a test and service assurance solutions provider.

To be renamed the Lumen Dynamics Group (LDG) Inc., the division develops ultraviolet illumination and curing systems. Its patented technologies and processes utilize arc lamp, radiometry and LED technology, and its products are utilized in various applications. These include illumination for microscopes, spot curing of adhesives in manufacturing processes and curing of inks in digital printing.

“LDG has enormous growth potential,” said Loren Schlachet, a managing partner at Riverside. “The company has a culture of innovation, a unique patent portfolio and a strong management team. Given our strong track record with corporate carve-outs like LDG, we expect to be able to grow the company both by expanding in its existing markets, and by introducing products into new markets.”

This is the 238th acquisition for the company, and the 15th overall for 2010.

The Riverside Co. is a global private equity firm that focuses on acquiring growing enterprises valued at up to $200 million.

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An intermolecular substance that serves to hold materials together. Two types are used in the optical industry: one, which must be transparent and colorless, to cement lenses together; and a general-purpose adhesive for bonding prisms and other glass parts to their metallic supports.
The use of chemicals or radiation to induce a desired change in a substance; e.g., some optical adhesives are set by exposure to ultraviolet light and are said to be UV-curing.
The general term for the application of light to a subject. It should not be used in place of the specific quantity illuminance.
An instrument consisting essentially of a tube 160 mm long, with an objective lens at the distant end and an eyepiece at the near end. The objective forms a real aerial image of the object in the focal plane of the eyepiece where it is observed by the eye. The overall magnifying power is equal to the linear magnification of the objective multiplied by the magnifying power of the eyepiece. The eyepiece can be replaced by a film to photograph the primary image, or a positive or negative relay...
The science of radiation measurement. The detection and measurement of radiant energy, either as separate wavelengths or integrated over a broad wavelength band, and the interaction of radiation with matter in such ways as absorption, reflectance and emission.
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