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LumaSense Acquiring Mikron Infrared for $65M
Feb 2007
SANTA CLARA, Calif., Feb. 9, 2007 -- Sensing instrumentation maker LumaSense Technologies is acquiring Mikron Infrared Inc. in a deal worth $65 million, it was announced today.

Under terms of the agreement, Mikron Infrared will merge with Red Acquisition Corp., a subsidiary of LumaSense. Mikron stockholders will receive $11.50 in cash for each of their shares -- a 17.6 percent premium above the stock's closing price on Thursday.

Mikron Infrared is based in Oakland, N.J., and is a provider of advanced non-contact temperature measurement products and thermal imaging systems, spectrometers and other infrared instruments to the energy, medical, industrial and semiconductor markets.

“Mikron is an exceptional company with very talented people and unique solutions that will significantly strengthen our position in sensor instrumentation for the industrial, medical and energy markets,” said Vivek Joshi, LumaSense CEO. “Mikron provides significant opportunities for synergies in research and development, manufacturing, and marketing and sales. We are excited about what this means for our current and future customers as we continue to complement and enhance our offerings through strategic acquisitions and organic growth.”

Mikron's board of directors has approved the transaction subject to receiving regulatory approval; the deal still needs to be voted on by the company's shareholders, Mikron said.

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The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
A kind of spectrograph in which some form of detector, other than a photographic film, is used to measure the distribution of radiation in a particular wavelength region.
thermal imaging
The process of producing a visible two-dimensional image of a scene that is dependent on differences in thermal or infrared radiation from the scene reaching the aperture of the imaging device.
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