Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics EuroPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Investment Group Acquires Optical Engines Firm Axsun Technologies

Facebook Twitter LinkedIn Email Comments
BILLERICA, Mass., Oct. 20, 2015 — Optical engines developer Axsun Technologies Inc. has been acquired from Volcano Corp. by Anzu Partners, an investment firm in Washington, D.C.

As part of the transaction, Axsun received growth capital while an affiliate of Anzu Partners purchased the 65,000-square-foot Axsun operations building. Other terms of the deal were not disclosed.

Axsun Vice President and General Manager Jonathan Hartmann will become CEO, while Peter Whitney will continue as chief science officer and vice president of engineering. Chris Baldwin will continue to serve as chief financial officer, and Bill Ahern will continue to lead sales and business development. Hartmann and Whitney have also joined the board of directors.

"Over the past year, Axsun Technologies has focused on significant manufacturing process improvements, and the new investment will enable ground-breaking product enhancements," Whitney said. "As an independent company, Axsun will continue its leadership position in producing high-performance, compact optical engines for medical imaging, industrial analyzers and telecommunications."

Axsun Technologies develops optical engines based on microelectromechanical systems (MEMS). Products include optical channel monitors for dense-wavelength division multiplexing communications, industrial near-infrared spectroscopy and swept laser engines, and data-acquisition electronics for optical coherence tomography.
Oct 2015
BusinessAmericasMassachusettsAxsunAnzu PartnersVolcano Corp.Jonathan HartmannPeter WhitneyChris BaldwinBill AhernspectroscopyMEMSOCToptical coherence tomographyoptical engineM&A

back to top
Facebook Twitter Instagram LinkedIn YouTube RSS
©2020 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.