GSI Group acquires Thales Optronics

News

GSI Group yesterday announced the purchase of the beryllium mirrors and structures business of UK-based Thales Optronics for an undisclosed amount.

The acquisition combines a leader in the design and manufacture of beryllium mirrors and structures with GSI's existing optical scanning and precision optics product lines used in medical, semiconductor, electronics, and industrial markets.

These technologies are used in a variety of high-precision applications in the electronics, telecommunications, and aerospace industries.

Dr. Sergio Edelstein, CEO and President of GSI Group, commented:

‘The team at Thales Taunton has collaborated with GSI's scanning team on a variety of projects for several years, and both groups know each other well. This acquisition will allow GSI to deliver superior products and technology to GSI customers worldwide.’

The acquisition is expected to be slightly accretive to GSI's 2007 net earnings.

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