Excelitas to acquire Luxium Solutions.

Excelitas, a provider of customized optoelectronic components and advanced electronic systems, agreed to acquire Luxium Solutions, a provider of high-performance materials and components. Financial terms are not disclosed. “Luxium brings a highly differentiated asset of scale with a strong reputation for technical excellence and customer trust to Excelitas. Luxium aligns with our strategy to increase our presence in targeted high-growth end markets, while also enhancing our capabilities in advanced optical technologies. We look forward to welcoming the Luxium team to Excelitas. Upon closing, Luxium will join Excelitas’ Advanced Industrial segment, further enhancing our technical application strength and market positions,” Ron Keating, Excelitas CEO.