Newport Corp. Makes Buy to Boost Fiber-Optics Area
Irvine-based Newport Corp. said Tuesday it has acquired a Boulder, Colo., firm for cash to bolster its fiber-optics communications operations.
Financial terms of the purchase of Environmental Optical Sensors Inc. were not disclosed, but Newport plans to complete the deal within a month. Environmental Optical, which has about 10 employees, manufactures products that precisely measure the wavelength of light used in fiber-optic networks, allowing more data to be carried by each strand of fiber optics.
The purchase, Newport’s first since 1996, is part of a strategy to grow through acquisitions, the company said.
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