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Excel Continuum Acquires Hoya Div.

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EAST SETAUKET, N.Y., Oct. 16 -- Excel Continuum Corp. has acquired the assets and business of the scientific division of Hoya Photonics Inc., d/b/a Continuum, and its foreign subsidiaries in Germany, France and Japan.

The acquired division is involved in pulsed laser development for commercial and scientific markets. The names "Continuum" and "Continuum Electro-Optics" were also acquired, along with the offices of the division's Santa Clara, Calif., headquarters and those in France and Japan. The all-cash transaction totaled about $13 million. Larry Cramer, vice president and general manager of the division, will be president of the acquired division.

Excel Continuum is a wholly-owned subsidiary of Excel Technology Inc., which develops laser systems and electric-optical components for electronic, semiconductor, other industrial, scientific and medical applications.

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Oct 2002
industrialNews & Features

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