Qioptiq has entered into an agreement to acquire Point Source, a specialist producer of fibre optic laser delivery systems and lasers
Point Source, based near Southampton in the UK, employs 70 people and had revenues of £12 million (US$22m approx) in 2007.
It specialises in fibre optic laser delivery systems and lasers for commercial applications in biotechnology and semiconductor manufacturing.
Qioptiq CEO Benoit Bazire, commenting on the acquisition, said: "As a group we have an existing small laser capability, yet it is an important part of the whole photonics arena.
"As such, we have been looking to strengthen our range of capabilities.
"The acquisition of Point Source brings us a considerable fibre optic laser capability, which will be invaluable to the group - giving our client base a more complete choice of services and solutions".
David Pointer, Managing director of Point Source said: "This is a very exciting next step in our journey.
"Joining Qioptiq opens up a range of international markets for us and provides a significantly broader range of products and services for our customers.
"I am especially pleased with the great career opportunities it gives Point Source employees both here in the UK and abroad".
The acquisition of Point Source follows on from the successful acquisition of Linos by Qioptiq at end of 2006.
Point Source will become part of Qioptiq's optical systems division, headed by group VP Volker Brockmeyer.
The division focuses on advanced optical systems for the strong growth markets of IT and communications, healthcare and life sciences industrial manufacturing and microptics.
