Axsun Technologies Inc., a Billerica, MA-based manufacturer of MEMS-based Optical Engines for Medical Imaging, Industrial Spectroscopy and Optical Telecommunications applications, is to be acquired by Excelitas Technologies Corp., a provider of innovative, customized photonic solutions.
The terms of the agreement are not being disclosed and the transaction is expected to close in early 2019.
Established in 1998 and led by Jonathan Hartmann, CEO, Axsun Technologies develops and manufactures MEMS-based Optical Engines for Medical Imaging, Industrial Spectroscopy and Optical Telecommunications applications.
Axsun is an Anzu Partners portfolio company. Anzuis a venture capital and private equity firm that invests in breakthrough industrial technologies. Anzu teams with entrepreneurs to develop and commercialize technological innovations by providing capital and deep expertise in business development, market positioning, global connectivity, and operations.