Luna Innovations completed the acquistion of Silixa for $38m.

Luna Innovations, an advanced fiber optic-based technology company, completed the acquisition of Silixa, a UK-based distributor of fiber optic sensing solutions, for $38m. “The addition of Silixa not only elevates the portfolio of solutions we already offer in our key end markets, but also further strengthens our position as an enabler of energy transition by extending our reach into exciting new growth sectors, such as carbon capture and storage, as well as into monitoring processes that will help sustain ecosystems and safeguard fragile environments. Silixa brings important technology capabilities and strong talent that we expect to leverage across our EMEA footprint, which we expect will drive profitable growth across our European enterprise,” Scott Graeff, Luna Innovations President and CEO.