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Asset Acquisition

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Zygo Corp. of Middlefield, Conn., a high-precision optical components and optical metrology instruments provider, has announced that it will buy ASML US Inc.’s optics facility in Richmond, Calif., for between $7 million and $10 million. Zygo will expand its optical manufacturing capabilities considerably with the addition of high-precision optical machining and polishing equipment, aspheric lens manufacturing and diamond turning assets, the company said. It also expects to hire key management and other employees of ASML Optics Richmond, a 60,000-sq-ft facility.
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Published: January 2011
Glossary
diamond turning
Diamond turning, also known as diamond machining or diamond cutting, is a precision machining process used to produce high-quality optical surfaces and components with extremely tight tolerances. It involves the use of a single-point diamond cutting tool to remove material from a workpiece, typically made of metals, plastics, or optical materials like glass or crystals. In diamond turning, the cutting tool, which has a diamond tip, is controlled with high precision and moved relative to the...
metrology
Metrology is the science and practice of measurement. It encompasses the theoretical and practical aspects of measurement, including the development of measurement standards, techniques, and instruments, as well as the application of measurement principles in various fields. The primary objectives of metrology are to ensure accuracy, reliability, and consistency in measurements and to establish traceability to recognized standards. Metrology plays a crucial role in science, industry,...
optical
Pertaining to optics and the phenomena of light.
acquisitionsASML Optics RichmondASML US Inc.aspheric lens manufacturingasset acquisitionBusinessCaliforniadiamond turningFacilityindustriallenseslight speedmetrologyopticaloptical componentsoptical machiningoptical metrologyOpticsoptics facilityoptifcal manufacturingpolishing equipmentRichmondZygoZygo Corporation

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