Excelitas Technologies Acquired by AEA Investors

Excelitas Technologies announced in December that it has been acquired by funds sponsored by AEA Investors. Formerly owned by Veritas Capital Fund Management since November 2010, Excelitas is a global technology leader focused on delivering innovative, high-performance, market-driven photonic products and solutions to meet the lighting, optical and detection requirements of a broad range of customers worldwide. AEA Investors manages funds that have approximately ten billion dollars of invested and committed capital and AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer/retail and services. Financial terms of the acquisition were not disclosed.

Excelitas, headquartered in Waltham, MA, has been acquired by AEA Investors (Sources: Excelitas / AEA / photonicsviews.com)

“AEA Investors is an experienced investor in the Industrial Technology sector with a strong track record of successful investments,” said David Nislick, CEO of Excelitas. “Their focus on facilitating the growth of companies like Excelitas makes AEA the ideal partner to help capitalize on our growing market opportunities as we continue delivering innovative photonics technologies to our customers.”

Excelitas will remain headquartered in Waltham, Mass., and retain its corporate identity and brands. From biomedical technology to research laboratory, safety and security, consumer products, semiconductor, energy and environment, industrial sensing & imaging, defense and aerospace, it is committed to enabling its customers’ success. Excelitas had acquired Qioptiq in 2013 and now has approximately 6,000 employees in North America, Europe and Asia. (Source: Excelitas)

Links: Excelitas Technologies Corp., Waltham, Massachusetts, USAAEA Investors LP, New York, New York, USA

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