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Subsidiary Acquisition

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Optical and optoelectronic components manufacturer 3S Photonics of Nozay, France, has entered into a share purchase agreement to acquire Avensys Group subsidiaries Avensys Inc. and ITF Laboratories Inc. for a total of €6.5 million. The holding company, Avensys Corp., owns Avensys Inc. and holds a 42% interest in ITF Laboratories, whose majority shareholder is the Canadian state. The assets of Avensys’ two divisions, Avensys Technologies and Avensys Solutions, as well as those of ITF Laboratories, have merged with those of 3S Photonics.

Photonics Spectra
Feb 2010
GLOSSARY
optoelectronics
A sub-field of photonics that pertains to an electronic device that responds to optical power, emits or modifies optical radiation, or utilizes optical radiation for its internal operation. Any device that functions as an electrical-to-optical or optical-to-electrical transducer. Electro-optic often is used erroneously as a synonym.
3S PhotonicsacquisitionsAmericasAssetsAvensys GroupAvensys Inc.Avensys SolutionsAvensys TechnologiesBusinessCanadaClient PortfolioDivisionsEuropeFranceHolding CompanyITF Laboratorieslight speedopticsoptoelectronicsOptoelectronics Components ManufacturerpurchasePurchase AgreementShareholder

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