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Luna Innovations Inc. has acquired General Photonics Corp., a Chino, California-based provider of innovative components, modules, and test equipment focused on the generation, measurement, and control of polarized light critical in fiber optic-based applications. The purchase price was $20 million, which includes a potential $1 million earnout payment.
General Photonics’ polarization measurement instruments will complement Luna’s line of optical measurement tools. Integrated into Luna’s Lightwave division, General Photonics’ product portfolio promises to add both breadth and depth to Luna’s offerings. In addition, several of Luna’s instruments already incorporate General Photonics’ products, creating vertical integration synergies for a seamless transition.
“This acquisition brings a highly complementary product portfolio to the capabilities of Luna’s communications test products,” said Scott Graeff, president and chief executive officer of Luna. “We intend to drive a quick and smooth integration as both company’s products are built on similar electronics, optics, and software platforms for high-precision measurement and control of light.”
Brian Soller, vice president and general manager of Luna’s Lightwave division, said the acquisition will put Luna in a better position to serve customers’ measurement needs in a rapidly evolving market where there is a growing need for high-quality measurement and control of light.
“We have created a broader, stronger product portfolio that is centered around what we do best: measure and manage light in optical fiber,” he said. “The complementary nature of our combined product lines will allow Luna to leverage existing channels to market and provide solutions across more of the value chain in our key target markets. We are now in a better position to service our customers.”READ MORE