GSI Group Inc. (NASDAQ: GSIG), a Bedford, MA-based global supplier of laser, precision motion, and vision technologies to original equipment manufacturers in the medical and advanced industrial markets, is to acquire Lincoln Laser Company, a Phoenix, Arizona-based provider of ultrafast precision polygon scanners and other optical scanning solutions for the medical, food processing, and advanced industrial markets, for $11m.
The transaction is expected to close in November of 2015.
Lincoln Laser Company’s family of ultrafast, polygon-based beam steering solutions are complementary to GSI’s existing galvanometer-based beam delivery products.
The Lincoln Laser Company business will integrate within Cambridge Technology, a GSI business unit and provider of galvanometer-based, optical scanning solutions for advanced industrial and medical applications.
Led by Chris Tecca, President, Cambridge Technology has been designing, developing and manufacturing beam steering solutions including galvanometer-based optical scanning components, 2-axis and 3-axis scan heads, scanning subsystems, high-power scanning heads, and controlling hardware and software for more than 40 years.