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Excelitas Technologies to buy Axsun Technologies

December 12, 2018 By Chris Newmarker

Excelitas Technologies (Waltham, Mass.) – a global provider of high-performance photonics – said today that it has signed a definitive agreement to acquire Axsun Technologies.

Axsun (Billerica, Mass.) is a privately-held company that develops and produces MEMS-based light engines for high-performance medical imaging and industrial spectroscopy applications.

Financial terms of the agreement were not disclosed. The deal is expected to close early next year.

Excelitas officials said the Axsun purchase will expand their company’s photonics portfolio in the medical and industrial markets.

Excelitas Technologies presently has roughly 6,700 employees in North America, Europe and Asia.

About The Author

Chris Newmarker

Chris Newmarker is the executive editor of WTWH Media life science's news websites and publications including MassDevice, Medical Design & Outsourcing and more. A professional journalist of 18 years, he is a veteran of UBM (now Informa) and The Associated Press whose career has taken him from Ohio to Virginia, New Jersey and, most recently, Minnesota. He’s covered a wide variety of subjects, but his focus over the past decade has been business and technology. He holds bachelor’s degrees in journalism and political science from Ohio State University. Connect with him on LinkedIn or email at cnewmarker@wtwhmedia.com.