M&A Deal Summary

Gooch & Housego Acquires General Optics

On July 10, 2008, Gooch & Housego acquired electrical equipment company General Optics from Novanta for 21M USD

Acquisition Highlights
  • This is Gooch & Housego’s 3rd transaction in the Electrical Equipment sector.
  • This is Gooch & Housego’s largest (disclosed) transaction.
  • This is Gooch & Housego’s 4th transaction in the United States.
  • This is Gooch & Housego’s 1st transaction in California.

M&A Deal Summary
Date 2008-07-10
Target General Optics
Sector Electrical Equipment
Buyer(s) Gooch & Housego
Sellers(s) Novanta
Deal Type Divestiture
Deal Value 21M USD

Target

General Optics

Moorpark, California, United States
General Optics, Inc. is a manufacturer of ultra-high quality optical components and coatings for the aerospace and defence sector. The company also serves the telecommunications, semiconductor, metrology, biomedical and research markets, and is a leading supplier of ring laser gyroscope mirrors and frames to manufacturers of inertial navigation systems.

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Buyer(S) 1

Buyer

Gooch & Housego

Ilminster, United Kingdom
Category Company
Founded 1948
Sector Information Technology
Employees1,030
Revenue 148M GBP (2023)
DESCRIPTION

Gooch & Housego is a photonics technology business with operations in the USA and Europe. A provider in its field, the company researches, designs, engineers and manufactures advanced photonic systems, components and instrumentation for applications in the Aerospace & Defense, Industrial, Life Sciences and Scientific Research sectors. Gooch & Housego was founded in 1948 and is based in Ilminster, England.

DEAL STATS #
Overall 6 of 15
Sector (Electrical Equipment) 3 of 3
Type (Divestiture) 1 of 2
State (California) 1 of 2
Country (United States) 4 of 9
Year (2008) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-08 SIFAM Fiber Optics

Torquay, United Kingdom

SIFAM Fiber Optics Ltd. is a designer, manufacturer and suppler of high reliability modular and component fiber optic solutions to the undersea telecoms, aerospace & defense and life science sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-24 EM4

Bedford, Massachusetts, United States

EM4 Inc., designs, develops and manufactures state-of-the-art, ruggedized, optoelectronic components and packages for the Defense, Aerospace, Life Science, CATV, Telecommunication and Industrial markets.

Buy -

Seller(S) 1

SELLER

Novanta

Bedford, Massachusetts, United States
Category Company
Founded 1968
Sector Technology Hardware
Employees2,900
Revenue 882M USD (2023)
DESCRIPTION

Novanta is a provider of core technology solutions that give medical and advanced industrial original equipment manufacturers a competitive advantage. The Company combines deep proprietary technology expertise and competencies in precision medicine and manufacturing, medical solutions, and robotics and automation with a proven ability to solve complex technical challenges. Novanta was founded in 1968 and is based in Bedford, Massachusetts.

DEAL STATS #
Overall 1 of 4
Sector (Electrical Equipment) 1 of 3
Type (Divestiture) 1 of 3
State (California) 1 of 2
Country (United States) 1 of 3
Year (2008) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-10 Excel Technology

East Setauket, New York, United States

Excel Technology Inc. (East Setauket, NY), producer of laser systems and electro-optical parts.

Buy $360M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-15 NDS Surgical Imaging

San Jose, California, United States

NDS Surgical Imaging is a manufacturer of flat-panel Liquid Crystal Display (“LCD”) screens for medical applications. The company’s screens are used in conjunction with endoscopy systems primarily for minimally invasive surgery in the operating room and for diagnostic imaging on the radiology side.

Buy $83M
Mergr

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