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Newport Acquiring ILX Lightwave

Photonics Spectra
Apr 2012
IRVINE, Calif., Dec. 28, 2011 — Photonics technology company Newport Corp. reported Wednesday that it will expand its capabilities in photonics test and measurement by acquiring ILX Lightwave Corp. of Bozeman, Mont., for $9.3 million in cash.

ILX offers a broad range of photonics instrumentation, including laser diode controllers and drivers, temperature controllers, current sources, optical power and wavelength meters, semiconductor laser/LED burn-in, test and characterization systems, and fiber optic sources. The company expects 2011 revenues of approximately $8 million.

ILX will become a wholly owned subsidiary of Newport Corp, and will operate as part of Newport's Photonics and Precision Technologies Div.

"The addition of ILX, together with our recent acquisition of Ophir Optronics, will further enhance Newport's position as the industry's leading provider of photonics instrumentation and measurement equipment," said Newport President and CEO Robert J. Phillippy.

ILX is profitable, and Newport expects the acquisition to be accretive to its earnings immediately after closing. The purchase price is subject to adjustment based on ILX's net assets at closing, and the transaction is expected to close in January 2012.

"I believe that joining Newport will provide ILX with new opportunities to increase revenues and enhance our product offerings," said Dr. Larry Johnson, ILX president, CEO and founder, who added that collaboration with Newport's technical team "will enable us to accelerate the development of a wide range of next generation photonics instrumentation."

The acquisition is Newport's third of the year (See: Newport Buying High Q and Newport to Acquire Ophir Optronics).

For more information, visit: www.newport.com or www.ilxlightwave.com 

—posted by Senior Editor Melinda Rose



GLOSSARY
closing
In morphological image processing, a series of dilations followed by the same number of erosions.
photonics
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...
semiconductor laser
A semiconductor material which is designed and grown for the efficient production of short wavelength stimulated emission through high gain as well as low internal losses. Materials with band gap energies which emit radiation efficiently within the desired wavelength region are used. Diodes may emit vertically in relation to the laser material junction in a VCSEL configuration or horizontally in an edge emitting configuration. Synonymous with laser diode.  Sometimes used...
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