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GSI Lumonics Purchases Westwind Air Bearings

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Broadening its offerings in the laser and precision motion components business groups, GSI Lumonics Inc. of Billerica, Mass., has purchased Westwind Air Bearings Ltd. of Poole, UK, along with its subsidiaries and outstanding shares, from Cobham plc of Wimborne, UK, in a cash transaction of roughly $37 million. Westwind's high-precision rotary motion components, based on its proprietary air-bearing spindle technology, are suitable for several of GSI's markets, including printed circuit board drilling, semiconductor manufacturing, optical scanning, and medical and reprographic imaging....Read full article

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    Published: February 2004
    BusinessGSI Lumonicshigh-precision rotary motion componentsindustriallaser and precision motion componentslight speedWestwind Air Bearings Ltd.

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