Excelitas Technologies has been acquired by funds sponsored by AEA Investors. Formerly owned by Veritas Capital Fund Management since November 2010, Excelitas Technologies is a global manufacturer and supplier of photonic products and solutions to meet the lighting, optical and detection requirements of a broad range of customers worldwide.
AEA Investors manages funds that have approximately $10 billion of invested and committed capital and AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer/retail and services. Financial terms of the acquisition were not disclosed.
'AEA Investors is an experienced investor in the Industrial Technology sector with a strong track record of successful investments,' said David Nislick, CEO of Excelitas. 'Their focus on facilitating the growth of companies like Excelitas makes AEA the ideal partner to help capitalize on our growing market opportunities as we continue delivering innovative photonics technologies to our customers.'
Excelitas will remain headquartered in Waltham, MA and retain its corporate identity and brands as it continues its successful business growth models.