M&A Deal Summary

Luna Acquires New Ridge Technologies

On November 2, 2020, Luna acquired test/measurement equipment company New Ridge Technologies

Acquisition Highlights
  • This is Luna’s 2nd transaction in the Test/Measurement Equipment sector.
  • This is Luna’s 3rd transaction in the United States.
  • This is Luna’s 1st transaction in Maryland.

M&A Deal Summary
Date 2020-11-02
Target New Ridge Technologies
Sector Test/Measurement Equipment
Buyer(s) Luna
Deal Type Add-on Acquisition

Target

New Ridge Technologies

Owings Mills, Maryland, United States
New Ridge Technologies LLC is a developer and manufacturer of fiber optic test and measurement equipment and advanced fiber optic subsystems primarily for telecommunication and polarization-control applications. New Ridge Technologies is based in Owings Mills, Maryland.

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Buyer(S) 1

Buyer

Luna

Roanoke, Virginia, United States
Category Company
Founded 1990
Sector Test/Measurement Equipment
Employees337
Revenue 109M USD (2022)
DESCRIPTION

Luna is an optical technology, providing unique capabilities in high speed optoelectronics and high performance fiber optic test products for the telecommunications industry and distributed fiber optic sensing for the aerospace and automotive industries. Luna was founded in 1990 and is based in Roanoke, Virginia.

DEAL STATS #
Overall 3 of 6
Sector (Test/Measurement Equipment) 2 of 3
Type (Add-on Acquisition) 3 of 4
State (Maryland) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-04 General Photonics

Chino, California, United States

General Photonics Corp. is a provider of innovative components, modules and test equipment focused on the generation, measurement, and control of polarized light critical in fiber-optic-based applications.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 OptaSense

Hampshire, United Kingdom

OptaSense Ltd. is a fiber optic distributed monitoring solutions for pipelines, oilfield services, security, highway monitoring and railway monitoring, and power and utilities monitoring systems. OptaSense is based in Hampshire, United Kingdom.

Buy £29M
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