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May 22, 2007
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
GSI Group Inc. announces the purchase of the beryllium mirrors and structures business of UK-based Thales Optronics for an undisclosed amount. The acquisition combines a global leader in the design and manufacture of beryllium mirrors and structures with GSI’s existing optical scanning and precision optics product lines. These technologies are used in a variety of high-precision applications in the electronics, telecommunications, and aerospace industries. Dr. Sergio Edelstein, CEO and President of GSI Group, commented: “Thales Optronics is a leader in advanced scanning mirrors, a critical component of high-performance optical scanners. This acquisition is a great strategic fit that will support the growth of our Precision Technology segment. The team at Thales Taunton has collaborated with GSI’s scanning team on a variety of projects for several years, and both groups know each other well. This acquisition will allow GSI to deliver superior products and technology to GSI customers worldwide.” The acquisition is expected to be slightly accretive to GSI’s 2007 net earnings. GSI Group supplies precision motion control components, lasers and laser-based advanced manufacturing systems to the global medical, semiconductor, electronics and industrial markets.
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