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Luna Innovations Acquires OptaSense

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ROANOKE, Va., Dec. 3, 2020 — Luna Innovations Inc. has acquired OptaSense Holdings Ltd., a QinetiQ company, for £29 million (just over $39 million) in a cash transaction. OptaSense specializes in fiber optic distributed monitoring solutions for pipelines, oilfield services, security, highways, railways, and power and utilities monitoring systems. According to a press release from Luna Innovations, the acquisition is expected to be accretive in 2021, and is expected to create the world’s largest fiber optic sensing company. The acquisition provides Luna with distributed acoustic sensing intellectual...Read full article

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    Specializes in optical technology, providing capabilities in high-performance, fiber optic-based test products for the telecommunications industry and fiber optic-based sensing solutions for infrastructure, aerospace, and automotive industries.
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