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Investment Group Acquires Optical Engines Firm Axsun Technologies

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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...Read full article

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