Gooch & Housego (G&H), a specialist manufacturer of optical components and systems, has acquired the entire issued share capital of VITL (“ITL” or “Integrated Technologies Limited”), for a total consideration of up to £22.0 million. This acquisition expands the company’s presence in the life sciences sector and further enables G&H’s move into system-based products.
ITL
Founded in 1977, ITL is a UK-based specialist in the design, development and manufacture of high-quality medical and in vitro diagnostic (IVD) devices.
ITL is a market leading supplier with an established group of long-standing, multi-national customers. It provides full product development, design, manufacturing and after-sale service for the commercialization of medical diagnostic, analytical, precision electro-mechanical and laboratory instruments. ITL is headquartered in Ashford, Kent (UK), with manufacturing sites in Ashford and Shanghai, China, plus a US-client-servicing capability based in Virginia (US).
This acquisition enables G&H to take a significant step towards meeting its strategic objectives, including doubling the revenue of its life-science business and accelerating the company’s move up the value chain, with all of ITL’s sales coming from system-based products. ITL’s core group of electronic, software and mechanical engineers provides an enhanced platform on which G&H can expand its systems capabilities.
Over time, there are a number of potential benefits that will accrue from ITL becoming part of G&H. These include leveraging G&H’s footprint in the US, China and Far East and combining the Company’s photonic expertise with ITL’s high level systems capability in order to provide a more attractive product offering to G&H’s medical diagnostic customer base.
Back to News
