With the takeover of Gray Optics, Fisba intends to deepen and expand the engineering and development capacities of the North American subsidiary.

"The combined team will enable our customers to accelerate development and new solutions in the areas of Life Science, Manufacturing Engineering and Security & Defense," said Markus Hersche, CEO of Fisba AG. The acquisition of Gray Optics is intended to further support Fisba's strategy of providing optical solutions to improve health, productivity and safety.

With the purchase of Gray Optics, Fisba strengthens its technical and development expertise in North America. "We expect this acquisition to have an immediate impact on our customers as we offer vertically integrated product development and manufacturing capabilities (including AS9100 and ISO13485 manufacturing facilities) and advanced manufacturing technologies to produce solutions of the highest quality and performance." says Wallace Latimer, President of Fisba North America.

"The combination of the capabilities of Fisba and Gray Optics, as well as the existing synergies between the companies, offer our customers significant added value. This acquisition complements the product development and manufacturing capabilities we have built in the United States over the past 5 years. I look forward to the future of our team at Gray Optics and to our mutual success," said Dan Gray, Founder and President of Gray Optics.