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GSI Lumonics to Acquire Spectron Laser

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BILLERICA, Mass., April 21 -- GSI Lumonics Inc. announced it has entered into a definitive agreement to buy the principal assets of Spectron Laser Systems, a subsidiary of Lumenis Ltd., of Rugby, England. GSI Lumonics said it will pay $6.3 million in cash for the product lines being acquired from Spectron, subject to adjustment and the assumption of certain liabilities. Closing is expected in May, and the integration of Spectron into GSI Lumonics' Laser Group in Rugby is expected to be completed by the end of August. GSI Lumonics said the acquisition adds both diode-pumped laser solid...Read full article

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    Published: April 2003
    CO2-baseddiode-pumped laser solid stateGSI LumonicsGSI Lumonics Laser Groupindustriallamp-pumpedLumenismicro weldingNews & FeaturesSpectron Laser Systems

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