GSI Lumonics purchasing MicroE Systems for $55 million
Billerica, Natick, MA—GSI Lumonics Inc. recently agreed to buy MicroE Systems Corp. for $55 million in cash.
Billerica, Natick, MA— GSI Lumonics Inc. recently agreed to buy MicroE Systems Corp. for $55 million in cash. GSI manufactures laser-based manufacturing systems, and is headquartered in Ottawa, Canada.
MicroE designs and manufactures position encoders used in data storage, semiconductors and electronics, industrial automation and medical equipment. The firm had about $7.65 million in revenues for the quarter that ended on April 4, 2004.
the company's stated acquisition strategy,' adds Winston.
Control Engineering Daily News Desk
Jim Montague, news editor