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Halma Purchases Labsphere from X-Rite

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Safety, health and sensor technology group Halma plc of Amersham, UK, has acquired Labsphere Inc. from color management system developer X-Rite Inc. of Grand Rapids, Mich. The transaction involves an initial cash consideration of $13.9 million and a deferred consideration of $1.5 million, pending the finalization of the completion accounts. If these accounts to Dec. 31 demonstrate net tangible assets below $8 million, the deferred consideration will be adjustable dollar for dollar.

Based in North Sutton, N.H., Labsphere manufactures light testing and measurement products and specialized optical coatings for government and commercial organizations.

Photonics Spectra
Mar 2007
GLOSSARY
photonics
The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
Businesscoatingscolor managementEmploymentHalma Plclight speedlight testingphotonicsSensors & Detectors

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