GSI Lumonics to Acquire Spectron Laser
Apr 21, 2003 — BILLERICA, Mass., April 21 -- GSI Lumonics Inc. announced it has entered into a definitive agreement to buy the principal assets of Spectron Laser Systems, a subsidiary of Lumenis Ltd., of Rugby, England. GSI Lumonics said it will pay $6.3 million in cash for the product lines being acquired from Spectron, subject to adjustment and the assumption of certain liabilities. Closing is expected in May, and the integration of Spectron into GSI Lumonics' Laser Group in Rugby is expected to be