Materion, an engineering materials company, completed the acquisition of Optics Balzers, a manufacturer of optical scanning equipment, for $160m. "We are extremely excited to partner with Materion to create this strategic combination to fully leverage the growth potential across all of the markets we serve. Our combined global reach, technical capabilities, and in-house talent should create tremendous value for our customers and expand opportunities for our employees," Detlev Häusler, Optics Balzers CEO.