Exfo Life Sciences Div. Acquired
NEW YORK, Oct. 7, 2010 — The Riverside Co. announced the acquisition of the Life Sciences and Industrial Division of Quebec-based Exfo Inc., a test and service assurance solutions provider.
To be renamed the Lumen Dynamics Group (LDG) Inc., the division develops ultraviolet illumination and curing systems. Its patented technologies and processes utilize arc lamp, radiometry and LED technology, and its products are utilized in various applications. These include illumination for microscopes, spot curing of adhesives in manufacturing processes and curing of inks in digital printing.
“LDG has enormous growth potential,” said Loren Schlachet, a managing partner at Riverside. “The company has a culture of innovation, a unique patent portfolio and a strong management team. Given our strong track record with corporate carve-outs like LDG, we expect to be able to grow the company both by expanding in its existing markets, and by introducing products into new markets.”
This is the 238th acquisition for the company, and the 15th overall for 2010.
The Riverside Co. is a global private equity firm that focuses on acquiring growing enterprises valued at up to $200 million.
For more information, visit: www.riversidecompany.com