Avo Photonics Acquired by Halma
Horsham, Pennsylvania (July 21, 2011) – Avo Photonics, Inc., a specialist in opto‐electronic design, packaging, and manufacturing, has been acquired by Halma, p.l.c., a leading safety, health and sensor technology group based in the United Kingdom. Avo will join Halma’s global Photonics Division.
Avo Photonics provides custom design and contract manufacturing of opto-electronic components and assemblies to customers in the military, medical, communication, and commercial markets. Halma purchases companies in familiar markets or closely allied sectors with demonstrated profitability and growth. Among other support systems, Halma provides access to capital, exposure to a variety of markets, and personnel development. These resources will assist Avo’s expansion, both domestically and internationally.
“Avo looks forward to the assistance provided by Halma and exploring new sales interfaces and growth opportunities,” stated Dr. Joseph Dallas, President of Avo Photonics. “To be joined with a company that supports our development plan and is synergistic with our culture is beneficial to both Avo and our customers.”
Halma encourages its companies to retain existing business models, personnel, and continued autonomy between sister companies. Avo will continue to operate as an independent service provider for custom design and contract manufacturing and its management team and existing staff will remain with the company. Avo joins Fiberguide (www.fiberguide.com), Labsphere (www.labsphere.com), Ocean Optics (www.oceanoptics.com), and Ocean Thin Films (www.oceanthinfilms.com) in the photonics sector of the health and analysis business group.
According to Rob Randelman, Chief Executive of Halma’s Photonics Division, “As the need for photonic solutions in medical, applied science and industry becomes more integrated and smaller in size, Avo Photonics is poised to lead the way in the exciting growth of this market and, along with their colleagues in the Halma Photonics Division, they can better meet their customers’ challenges.”
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