Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

General Scanning and Lumonics Complete Merger

Photonics Spectra
May 1999
Shareholders of General Scanning Inc. in Watertown, Mass., and Lumonics Inc. in Kanata, Ontario, Canada, have approved resolutions to merge the two industrial laser-based systems manufacturers. The vote came only weeks after the Federal Trade Commission and the US Department of Justice granted early termination of the waiting period under the Hart-Scott-Rodino Act, after certain conditions of the transaction agreement were satisfied.

The new company, GSI Lumonics, will provide laser-based systems for the semiconductor, electronics, medical, automotive and aerospace industries (see Photonics Spectra, December 1998, p. 55). Under terms of the merger, shareholders of General Scanning will receive 1.347 shares for each share held, while Lumonics shareholders will retain their existing shares.

Businessindustriallight speed

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media
x Subscribe to Photonics Spectra magazine - FREE!