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Newport Corp. Acquires Design Technology Corp. to Enhance Fiber Optics Automation, Robotics and Testing Capabilities

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Irvine, Calif. -- Newport Corp. announced that it has acquired Design Technology Corp., a privately held systems integrator specializing in the use of robotics and flexible automation solutions for manufacturing processes, including those required in the assembly and testing of fiber optic components. The transaction will be accounted for as a stock purchase, and terms were not disclosed. Design Technology is expected to add $5 to $10 million to Newport's 2001 sales and to be mildly accretive to earnings per share. Design Technology, based in Billerica, Mass., brings three decades of...Read full article

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    Published: February 2001
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