PHOTONIS Holding SAS Acquires BURLE Industries
01 March 2006 14:49
After the acquisition of DEP in February 2005, PHOTONIS continues its development as the group reinforces its strategic position in the field of photodetection with the acquisition of BURLE Industries.
On July 28th 2005, PHOTONIS Holding SAS, a 76% participation of AXA LBO FUND II, has acquired 100% of BURLE Industries.
BURLE Industries Inc., is a global manufacturer and supplier of specialized electron tubes and electro-optic products. BURLE is headquartered in Lancaster, Pennsylvania USA with additional locations in Sturbridge, Massachusetts USA, and Mexico. BURLE manufactures Power Tubes and Cavities, Photomultiplier Tubes, and Power Supplies; Channeltron® Mass Spec Detectors, Microchannel Plates, Advanced Performance Detectors and Flexible Fiber Optics. It employs about 340 people over these different sites.
PHOTONIS and BURLE Industries are very complementary in terms of product lines, geographic coverage and market segments.
This acquisition makes the group PHOTONIS-DEP-BURLE Industries the 2nd worldwide leading manufacturer in the field of photodetection and products such as photomultiplier tubes, image intensifier tubes and micro channel plates with a total turn-over above 130 million euros, five production sites (France, Netherlands and the USA) and over 1.000 employees.
Quoting Jean-Pierre Regner, CEO of PHOTONIS: "These two acquisitions are transforming PHOTONIS : with strong complementarities, the future looks promising for the whole Group : the merge of know-how in terms of marketing, development and production will enable the Group to reinforce its positions within our markets by proposing to our customers a wider range of products with better performances. With BURLE, the Group acquires a unique presence in the USA which will accelerate our development in that zone; lastly, we signed an agreement with the French National Institute of Nuclear Physics and Particle Physics. This other step in our development will reinforce our potential of innovation in order to design new technological solutions for our customers".
Quoting Mathieu Antonini, Investment Director at AXA Private Equity: "The active support of the main shareholder to the management of the Group will lead to an acceleration of the value creation : with these two acquisitions, PHOTONIS is becoming a group with a real worldwide coverage and a potential of growth of the results for the next 3 years through the implementation of synergies".
For more information on this company:
Photonis-DEP - Imaging Sensors for Night Vision
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