Luna Innovations Incorporated, a specialist in advanced fiber optic-based technology, today announced that it has acquired General Photonics Corporation, a Chino, California-based leading 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 provides customers with advanced technological solutions across a variety of industries, including those within Luna’s strategic markets.
General Photonics’ component and module product lines are an ideal addition to Luna’s overall product portfolio. Its polarization measurement instruments are highly complementary to Luna’s industry-leading line of optical measurement tools. Integrated into Luna’s Lightwave division, General Photonics’ product portfolio will add both breadth and depth to Luna’s offering, and facilitate greater penetration within Luna’s target customer base. In addition, several of Luna’s instruments already incorporate General Photonics’ products, creating vertical integration synergies.
Conference Call Information
Luna will discuss this announcement on a previously announced fourth-quarter and year-end fiscal 2018 conference call at 8:30 am (EST) today. The call can be accessed by dialing 844.578.9643 domestically or 270.823.1522 internationally prior to the start of the call. The participant access code is 8384348. Investors are advised to dial in at least five minutes prior to the call to register. The conference call will also be webcast live over the Internet. The webcast can be accessed by logging on to the “Investor Relations” section of the Luna website, www.lunainc.com, prior to the event. The webcast will be archived under the “Webcasts and Presentations” section of the Luna website for at least 30 days following the conference call.
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