Excelitas takes over Luxium Solutions
The acquisition expands the product portfolio with advanced materials and precise optical and sensor capabilities
Excelitas has successfully completed the acquisition of Luxium Solutions. Luxium, known for high-performance materials and components, will strengthen Excelitas' capabilities in areas such as AI data centers, semiconductors and medical devices. This acquisition follows the announcement of the acquisition agreement in October and marks a step in Excelitas' strategic expansion.
Ron Keating, CEO of Excelitas, emphasizes the synergy between the two companies. Luxium's technology portfolio and technical expertise complement Excelitas' long-term goals. The acquisition adds advanced materials and precision optics and sensing capabilities to the product portfolio. It also strengthens Excelitas' international presence and increases its innovative power through the acquisition of an extensive patent portfolio. The Luxium team will officially join the Excelitas family to jointly increase global customer value.
