Axsun Technologies to be Acquired by Excelitas

Axsun Technologies, Inc., established in 1998, develops and manufactures MEMS-based optical engines for medical imaging, industrial spectroscopy, and optical telecommunications applications. (Source: Axsun)

Axsun Technologies Inc., an Anzu Partners portfolio company, announced on December 14 that it has signed a definitive agreement to be acquired by Excelitas Technologies Corp., a global technology leader focused on delivering innovative, customized photonic solutions.

The terms of the agreement are not being disclosed and the transaction is expected to close in early 2019. Jonathan Hartmann, CEO of Axsun, commented, “This is an outstanding opportunity for Axsun, our customers, and our employees as we continue to expand our product line and develop new markets together with Excelitas.”

“Our partnership with Anzu Partners has been outstanding, and we are grateful for their investment and support which has enabled us to achieve our goals, enter new markets, and has been a catalyst for tremendous technology development. The work we have done together will be beneficial to our customers in healthcare and other emerging growth markets for years to come.”

Needham & Company is acting as financial advisor to Axsun in the transaction. (Source: Axsun)

Links: Axsun Technologies, Inc., Billerica, Mass., USAExcelitas Technologies Corp., Waltham, Mass., USA

 

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