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Announced

Completed

Excelitas Technologies completed the acquisition of Phoseon Technology.

Synopsis

Excelitas Technologies, an industrial technology manufacturer focused on delivering innovative, market-driven photonic solutions, completed the acquisition of Phoseon Technology, a company in the design and manufacture of world-class LED-based industrial curing and scientific illumination solutions. Financial terms were not disclosed. “Phoseon’s market strength in UV curing for the printing, coatings and finishing sectors is a perfect fit with Excelitas’ proven leadership in UV curing for the medical device and electronics manufacturing space. Together, we offer comprehensive sales and support for curing solutions across the broadest possible range of applications. We are extremely pleased with the strong support and seamless integration that this partnership will create. We see increased LED and UV innovation forthcoming and expect significant growth in this new partnership,” Bill Cortelyou, Phoseon Technology President and CEO.

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