M&A Deal Summary

HGH Infrared Systems Acquires Electro Optical Industries

On June 20, 2016, HGH Infrared Systems acquired test/measurement equipment company Electro Optical Industries

Acquisition Highlights
  • This is HGH Infrared Systems’ 1st transaction in the Test/Measurement Equipment sector.
  • This is HGH Infrared Systems’ 1st transaction in the United States.
  • This is HGH Infrared Systems’ 1st transaction in California.

M&A Deal Summary

Date 2016-06-20
Target Electro Optical Industries
Sector Test/Measurement Equipment
Buyer(s) HGH Infrared Systems
Deal Type Add-on Acquisition

Target

Electro Optical Industries

Santa Barbara, California, United States
Electro Optical Industries, Inc. is a provider of electro optics test instruments, provider of infrared, visible, and ultra violet testing and calibration equipment.

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Buyer(S) 1

Buyer

HGH Infrared Systems

Igny, France

Category Company
Founded 1982
Sector Test/Measurement Equipment
DESCRIPTION

HGH Infrared Systems develops and sells optoelectronic and infrared systems and software for surveillance applications, test & measurement and industrial thermography to blue-chip customers in different end-markets. In particular, HGH offers a range of high-end solutions for surveillance applications in the security, defense, oil & gas and energy industries with its “Spynel” line of panoramic detection systems and “Cyclope” software for wide area surveillance. HGH Infrared Systems was founded in 1982 and is based in Igny, France.


DEAL STATS #
Overall 1 of 1
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1