Fibre optic consolidation and enhanced access to US Aerospace and Defence customers Gooch & Housego PLC, a specialist manufacturer of optical components & systems, announced that it has acquired the trade and assets of Gould Technology LLC, trading as Gould Fiber Optics (“GFO”) for a total consideration of up to US$16.4 million.
This acquisition strengthens G&H’s position as the world leader in fused fibre optic technology and provides enhanced access to strategic US Aerospace and Defence customers. GFO Founded in 1978 and headquartered in Baltimore, MD, USA, GFO is a specialist in the design, development and manufacture of fibre optic components and sub systems. GFO is a market leading supplier of key enabling components into tier 1 US Aerospace and Defense customers.
The GFO product range is highly complementary to that of G&H. While G&H is the leading manufacturer of high reliability undersea fused fibre optic components, together with a strong presence in the life sciences and fibre laser markets, GFO specialises in the supply of polarisation maintaining (“PM”) fibre components to the US defence market. This acquisition enables G&H to take another step toward meeting its strategic objective of further diversification in its core markets. GFO brings the technology and routes to market required for G&H to access the US Aerospace and Defence fibre optic market, an area that had previously been largely denied to the Company, due to International Trade in Arms (“ITAR”) regulations.
In turn G&H’s much larger US salesforce/ business development group and the combined broader based product portfolio should provide the platform for greater expansion within this sector.
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