Newport sells Hilger Crystals to Dynasil

Technology supplier Newport has completed the sale of the stock of its Hilger Crystals subsidiary to Dynasil, a provider of products and services to the medical, industrial and defence markets.

Under the terms of the transaction, Newport received $4m (£2.6m) in cash at closing and will receive up to $750,000 of additional cash if the Hilger Crystals business − which manufactures synthetic crystals for imaging − achieves certain specified sales targets in the 18 months following closing.