Newport Corp. Buys Into Montana Firm
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Newport Corp., a maker of laser and optical instruments based in Fountain Valley, said Thursday it has acquired 29% of ILX Light- wave Corp. in Bozeman, Mont., for less than $5 million. Precise terms of the deal were not disclosed.
The agreement forms a strategic alliance between the two companies and positions Newport to participate in the laser instrumentation field, said Dean Hodges, senior vice president of Newport.
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