Palomar Technologies, a leading manufacturer of automated high-precision assembly systems, today announced that it has acquired the Fiber Automation Division (FAD) of Axsys Technologies .
According to a statement, the new organisation, Palomar Photonics Automation, will continue engineering and manufacturing operations in its Pittsburgh facility as a wholly owned subsidiary of Palomar Technologies.
Patents and intellectual property relating to nano-positioning and fibre alignment were included in the purchase. Terms of the acquisition were not disclosed.
‘This acquisition is a key element of Palomar’s business strategy as it enables us to meet the increasingly complex and precise manufacturing needs of our customers. The addition of Axsys’ FAD’s proven nano-positioning products with Palomar’s existing products, global sales force and worldwide service and support infrastructure will prove to be a powerful combination,’ said Kevin Conlon, president of Palomar Technologies.
In March 2002, Palomar Technologies and Axsys’ FAD joined with two other companies in a strategic marketing alliance. Since then, they have been working closely to provide photonic component manufacturers with a single-source for precision assembly, test and alignment systems.