GSI Lumonics buys Dynamic Research's Encoder division for $3.3 million

Billerica, MA—GSI Lumonics Inc. announced May 2 that it has purchased the principal assets of the Encoder division of Dynamics Research Corp. (DRC, Wilmington, MA) for about $3.3 million, subject to adjustment and assumption of some liabilities.


Billerica, MA— GSI Lumonics Inc. announced May 2 that it has purchased the principal assets of the Encoder division of Dynamics Research Corp. (DRC, Wilmington, MA) for about $3.3 million, subject to adjustment and assumption of some liabilities.

GSI Lumonics reports that the product lines it acquired with the Encoder division have an annualized run rate of sales of $6-7 million. The division will be integrated into GSI Lumonics' new Component Products Group in Billerica, which currently scheduled for completion by the end of August 2003. GSI Lumonics supplies precision motion control components, lasers and laser-based advanced manufacturing systems to the global medical, semiconductor, electronics, and industrial markets.

'This acquisition is consistent with GSI Lumonics' stated strategy to acquire new technologies and expand into new products complementary with its existing markets," says Charles Winston, GSI Lumonics' president and CEO. "The addition of the Encoder division's assets represents the addition of technology and products that expand our offering of precision motion control components. It is currently expected that this acquisition will be accretive to earnings in the fourth quarter of 2003."

GSI Lumonics adds that optical encoders are high-resolution, electromechanical feedback devices, which are a critical part of precision motion control systems. Digital output from the encoder provides real-time position feedback data to a motion control system's electronics. In recent years, advances in microprocessor technology and shrinking microelectronic geometries have stimulated demand for sensors, including encoders. These products are found in aerospace, automotive, medical instrumentation, semiconductor processing and factory automation applications, as well as motion control sub-systems.

Control Engineering Daily News Desk
Jim Montague, news editor

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Additive manufacturing benefits; HMI and sensor tips; System integrator advice; Innovations from the industry
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Integrated mobility; Artificial intelligence; Predictive motion control; Sensors and control system inputs; Asset Management; Cybersecurity
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Infrastructure for natural gas expansion; Artificial lift methods; Disruptive technology and fugitive gas emissions
Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me