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Newport buys ILX Lightwave in $9.3 million deal

Newport has bought ILX Lightwave, a laser diodes and photonics components test and measurement company, for $9.3 million. ILX, headquartered in Bozeman, Montana, expects to report 2011 revenues of about $8 million. The company is profitable and Newport expects the acquisition to be accretive to its earnings immediately. ILX is now a wholly owned subsidiary of Newport and will operate as part of its photonics and precision technologies division. ‘The addition of ILX, together with our recent acquisition of Ophir Optronics, will further enhance Newport’s position as the industry’s leading provider of photonics instrumentation and measurement equipment,’ said Robert Phillippy, Newport’s president and chief executive officer (CEO). ‘With our expanded portfolio of products and technology, we will offer our

customers solutions to the most demanding applications in both the scientific and industrial markets.’ ILX offers a range of photonics

instrumentation, including laser diode controllers and drivers, temperature controllers, current sources, and optical power and wavelength meters. Its products are distributed in North America, Europe and Asia, and its customers include national research laboratories and government institutions. Dr Larry Johnson, ILX’s president, CEO and founder, said that joining Newport provides opportunities for ILX to increase revenues. ‘Newport’s expansive global sales and distribution channel will immediately increase the exposure of our products, and collaboration with Newport’s technical team will enable us to accelerate the development of a wide range of next generation photonics instrumentation.’

ES Technology reports 130 per cent profit increase

ES Technology has reported a 130 per cent increase in profit and revenue growth of 27 per cent over 2010 with turnover reaching nearly £3 million for its financial year that ended 30 September 2011. The two main drivers of growth have been sales of industrial laser machines into medical device and automotive markets and subcontract laser marking services for customers that need permanent etching or engraving onto components made from metal or plastic.

ES Technology’s Tim Millard operations director, said: ‘These results are testament to the hard work of all our staff at Oxford and demonstrate that our strategy of focusing only on industrial laser applications, such as marking, welding, cutting and heat treatment, is paying off.’ Because of the growth, ES is looking to recruit a sales engineer for its laser marking job-shop and is leasing a new unit at Kingston Business Park for 50 per cent more machine building space.

Newport Corporation Now Part of the

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