Excelitas Technologies signed a definitive agreement on 28 June to acquire PCO, a manufacturer of high-end scientific CMOS cameras based in Kelheim, Germany.
Excelitas will acquire 100 percent of PCO shares from founder Dr Emil Ott.
Michael Ersoni, Excelitas executive vice president, Commercial SBU, said: 'PCO is a pioneer and foundational developer of the scientific CMOS camera technology.
'Combining their superior imaging products and capabilities into Excelitas’ expanding portfolio of sensing, illumination, and optical products will enable us to... provide deeper end-to-end customer solutions across the life science and industrial markets.'
Dr Emil Ott, founder of PCO, added: 'We are very excited to join the Excelitas family, whose infrastructure and global presence will expand the reach and capabilities of our own high-performance cameras to grow in this expanding global market.'
The transaction is expected to be finalised in the coming weeks. Terms of the transaction are not being disclosed and are pending customary regulatory clearances and approvals.
PCO is the fourth acquisition since Excelitas was purchased by AEA Investors in December 2017.
