Edgewater and SK Capital-backed Luxium Solutions to acquire PLX from Tinicum.

Edgewater and SK Capital-backed Luxium Solutions, an industry-leading supplier of advanced engineered materials and solutions for diverse industries, agreed to acquire PLX, a designer and manufacturer of high-precision optical assemblies and products for the defense and aerospace sectors, from Tinicum, a private investment firm. Financial terms were not disclosed. “We are thrilled to partner with PLX’s experienced team of technical experts, believing the acquisition will greatly enhance the value and breadth of solutions we can offer to our customers. Both Luxium and PLX bring complementary technical expertise in applied material sciences to enable the applications of our customers. The partnership represents a step change in the expanded scope of offerings to the demanding needs of our customers. The PLX team is comprised of renowned experts in light manipulation and laser tracking and beam alignment, bringing a wealth of knowledge in optomechanical engineering and systems integration expertise which is supported with a portfolio of intellectual property," Michael Cahill, Luxium Solutions CEO.