EOTECH completed the acquisition of the photonics business of Intevac for $100m.

EOTECH, a privately-held optical technology company, completed the acquisition of the photonics business of Intevac, a supplier of thin-film processing systems, for $100m. "We are extremely proud of the long history of innovation and leadership that the Photonics team has delivered over the years. Intevac Photonics, as envisioned by our late founder Norman Pond, pioneered the night vision technologies that have become the standard for most advanced digital night vision programs for the US military, as well as many foreign nations. We wish to thank the entire Photonics organization for their important contributions to our nation’s defense, and we are confident that together with EOTECH, this business will continue to achieve future success providing best-in-class digital night vision technology," Wendell Blonigan, Intevac President and CEO.