Arsenal Capital Partners, a private equity firm, completed the acquisition of Headwall Photonics, a designer and manufacturer of high-performance hyperspectral imaging systems, spectral instrumentation, and optical components. Financial terms were not disclosed. “Arsenal’s deep understanding of the hyperspectral imaging space and use cases for our technology, paired with the firm’s track record of strategically growing industrial technology businesses, make Arsenal the ideal partner to help drive the next phase of Headwall’s growth. In addition to the exciting announcement of this new partnership, I am also very pleased to announce that Don Battistoni, Headwall’s VP of Sales and Marketing, will be elevating his leadership of the company as its new President,” David Bannon, Headwall CEO.