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Austrian High Q Technologies Sold to US Company
The Austrian manufacturer of lasers is acquired by Californian Newport, a global supplier of advanced products and solutions in several technology fields.
Austrian High Q Technologies Sold to US Company / Picture: © Vindobona.org
Newport Corporation today reported it has entered into an agreement to acquire High Q Technologies GmbH, a leading developer and manufacturer of ultrafast lasers.
Terms of the transaction, which is anticipated to close before the end of the third quarter, were not disclosed. High Q, headquartered in Rankweil, Austria, expects 2011 revenues of approximately $ 20m (€ 14.1m), with…
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