In an exciting strategic move, EOTech, the Michigan-based manufacturer of holographic and magnified optics, has acquired Intevac Inc’s Photonics business (Photonics), a California-based technology leader in cutting-edge digital sensor systems.
Photonics leads the world in the design and manufacturing of high-sensitivity night vision sensors, cameras and systems. The organization boasts powerful technology-development capabilities and has a long history of successfully delivering winning solutions for the AH-64 Apache attack helicopter, the F-35 Joint Strike Fighter and the US Army IVAS (Integrated Visual Augmentation System) programs, to name a few.
The combination of EOTech and Photonics as a single entity opens unique business opportunities, and the integration of the two will result in significant growth in the years to come. “The idea of acquiring Photonics made great strategic sense from day one,” said Chairman and Founder of Kouza Capital, Inc. Christopher Kouza, the sponsor of the acquisition. “Combining the Photonics advanced digital sensor capabilities with EOTech’s world-class marketing and global distribution reach will be a powerful engine for the future.”
Both companies share market leadership positions in their respective sectors, and plan to combine their energies toward the development of all-new product lines and markets. “Naturally we’re looking forward to combining our teams to strengthen our service to the US military as well as our service to the governments of allied nations. The cultures of both companies are tailor-made for that kind of teamwork,” said Matt Van Haaren, CEO of EOTech. “But we’ll also be working in parallel to develop great new product lines that elevate the performance expectations of digital visual augmentation systems for the soldier, the civilian, the vehicle driver, the aviator and many other users around the world.”
Most Popular
