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GSI Lumonics Agrees to Buy MicroE Systems

Photonics Spectra
Jun 2004
GSI Lumonics Inc. of Billerica, Mass., has signed a definitive agreement under which it will purchase all shares of MicroE Systems Corp. for $55 million in cash. The Natick, Mass., company designs and manufactures position encoders for precision motion control applications in the medical, electronics, data storage, semiconductor and industrial automation markets. Its products and technology are expected to complement GSI Lumonics' portfolio of enabling precision motion components and subsystems.

GLOSSARY
electronics
That branch of science involved in the study and utilization of the motion, emissions and behaviors of currents of electrical energy flowing through gases, vacuums, semiconductors and conductors, not to be confused with electrics, which deals primarily with the conduction of large currents of electricity through metals.
Businessdata storageelectronicsGSI Lumonics Inc.industrialindustrial automation marketslight speedmedicalMicroE Systems Corp.position encodersprecision motion control applicationssemiconductor

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