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Metrologic Completes Acquisition of Adaptive Optics

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BLACKWOOD, N.J., Jan. 10 -- Metrologic Instruments Inc., manufacturer of bar code scanning equipment incorporating laser and holographic technology, has completed its acquisition of Adaptive Optics Associates Inc., a subsidiary of United Technologies Corp. Under the terms of the agreement, Metrologic acquired all of the stock of Adapative Optics from United Technologies. AOA is expected to add $0.05 per diluted earnings per share to Metrologic's consolidated diluted earnings per share for the year ending 2001, net of acquisition interest expense and goodwill amortization. The revenues of...Read full article

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    Published: January 2001
    industrialNews & Features

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