Newport to Acquire Companies

!%Newport Corp.%! of Irvine, Calif., is acquiring !%10766%%Ophir Optronics Ltd.%! of Jerusalem for $230 million in cash and !%6077%%High Q Technologies GmbH%! of Rankweil, Austria, for an undisclosed amount, to strengthen its position in photonics instrumentation and broaden its ultrafast laser capabilities. Ophir makes infrared optics, laser measurement instrumentation and 3-D noncontact measurement equipment. Its acquisition will be completed through a merger of that company with a newly formed subsidiary of Newport, with Ophir becoming a wholly owned subsidiary of Newport. The transaction is expected to close in the fourth quarter of 2011, subject to receiving required regulatory approvals, the approval of Ophir’s shareholders and other customary closing conditions. Newport expects it to be immediately accretive to its earnings.

High Q Technologies will join Newport’s Spectra-Physics Laser Div. A developer and manufacturer of ultrafast lasers under its High Q Laser brand, it expects 2011 revenue of approximately $20 million, with customers in Europe representing 75 percent of its sales. Newport expects the acquisition to be accretive to its earnings immediately after closing, which it said should happen before the end of the third quarter.