M&A Deal Summary

Thorlabs Acquires Covega

On March 23, 2009, Thorlabs acquired test/measurement equipment company Covega from Gemfire

Acquisition Highlights
  • This is Thorlabs’ 4th transaction in the Test/Measurement Equipment sector.
  • This is Thorlabs’ 2nd transaction in the United States.
  • This is Thorlabs’ 1st transaction in Maryland.

M&A Deal Summary
Date 2009-03-23
Target Covega
Sector Test/Measurement Equipment
Buyer(s) Thorlabs
Sellers(s) Gemfire
Deal Type Divestiture

Target

Covega

Jessup, Maryland, United States
Covega is a provider of Indium-Phosphide and Lithium-Niobate components and modules to the telecommunication, medical, industrial, defense, and test and measurement markets. Covega is a vertically integrated company with full InP and LiNbO3 foundry capabilities including, device design & modeling, wafer growth & fabrication, and advanced E/O device packaging.

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Buyer(S) 1

Buyer

Thorlabs

Newton, New Jersey, United States
Category Company
Founded 1989
Sector Test/Measurement Equipment
DESCRIPTION

Thorlabs is a vertically integrated photonics products manufacturer to serve the laser and electro-optics research market. As that market has spawned a multitude of technical innovations, Thorlabs has extended its core competencies in an effort to play an ever increasing role serving the Photonics Industry at the research end, as well as the industrial, life science, medical, and defense segments.

DEAL STATS #
Overall 4 of 13
Sector (Test/Measurement Equipment) 4 of 10
Type (Divestiture) 1 of 7
State (Maryland) 1 of 2
Country (United States) 2 of 9
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-02 OFR

Verona, New Jersey, United States

OFR is a supplier of critical optical components, sub-systems, and systems to the photonic market. The OFR products are used extensively in both research (basic and applied) and industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-07 Lumen Dynamics Burleigh Product Line Assets

Canada

Lumen Dynamics Burleigh(R) Product Line Assets engages in manufacturing a wide range of manipulation and precision motion control equipment for applications within the life science market, including patch-clamp systems, piezoelectric micromanipulators, and high-stability microscope mounting solutions.

Buy -

Seller(S) 1

SELLER

Gemfire

San Jose, California, United States
Category Company
Founded 1995
Sector Semiconductors
DESCRIPTION

Gemfire is an integrated photonics company with high volume manufacturing in Scotland. The Gemfire PhotonICTM planar technology platform enables wafer-scale processing to produce optical components, such as VMUXs, AWGs, Lithium-Niobate phase modulators and polymer VOAs.

DEAL STATS #
Overall 1 of 1
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
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