16 Feb. Excelitas completes acquisition of Luxium Solutions
Excelitas has successfully completed the acquisition of Luxium Solutions. Headquartered in Hiram, Ohio, USA, Luxium is a manufacturer of high-performance materials, substrates, components and assemblies.
“Luxium is an excellent fit for us and will accelerate Excelitas’ continued growth. Luxium’s differentiated technology portfolio, deep technical expertise and strong customer relationships align perfectly with our long-term strategy,” says Ron Keating, CEO of Excelitas.
Excelitas, headquartered in Pittsburgh, Pennsylvania, USA, views the acquisition as a strategic expansion of its business. According to the company, the transaction broadens its reach in complementary vertical markets with high-growth applications such as AI-driven data centers, semiconductors, aerospace and defense, and medical technology. In addition, the acquisition expands the company’s technology and product portfolio to include advanced materials as well as high-precision optics, sensing and imaging capabilities. Overall, the acquisition will strengthen the company’s international presence, emphazises Excelitas.
Source and image: www.excelitas.com