EXOSENS COMPLETES THE ACQUISITION OF LR TECH, LEADER IN SPECTRORADIOMETER BASED SOLUTIONS
02 September 2024 - 6:07PM
UK Regulatory
EXOSENS COMPLETES THE ACQUISITION OF LR TECH, LEADER IN
SPECTRORADIOMETER BASED SOLUTIONS
EXOSENS COMPLETES THE ACQUISITION OF LR
TECH, LEADER IN SPECTRORADIOMETER BASED SOLUTIONS
PRESS RELEASE
MÉRIGNAC, FRANCE AND QUEBEC, CANADA – SEPTEMBER,
2nd 2024
- Exosens announces the completion of the acquisition of
Quebec-based LR Tech, a specialist in FTIR (Fourier Transform
Infra-Red) spectroradiometers.
- This acquisition will enable Exosens to complete its
instruments offering for high-end detectors and imagers, targeting
science and environmental markets for major players. It will
further strengthen Exosens' position in the field of
high-performance instrumentation with proven experience with the
world’s main research labs.
- Following the recent acquisition of Centronic, this new
milestone marks another strategic step in establishing Exosens’
position as a Tech platform accelerating growth and as one of the
leaders in the Detection and Imaging markets the Company
targets.
Exosens, (Euronext FR001400Q9V2
– EXENS) a high-tech company focused on providing mission and
performance-critical amplification, detection and imaging
technology, today announces the acquisition of Quebec-based company
LR Tech, a specialist developer and manufacturer
of FTIR (Fourier Transform Infra-Red) devices.
“With the acquisition of LR Tech, we are
consolidating our position in instrumentation, adding FTIR products
to our portfolio. Complementarities between TELOPS and LR Tech are
a great opportunity to leverage our capabilities to become a major
player in high demanding spectroscopy instruments. This new
transaction is another key milestone for Exosens furthering its
accretive bolt-on strategy by acquisition of skilled companies to
accelerate growth.” commented Jérôme Cerisier, CEO of
Exosens.
LR Tech, located in Quebec
City, is a leading player in the FTIR spectrometry field, providing
cutting-edge products with unparalleled performance in resolution,
speed, and accuracy, due to deep industry knowhow and long-standing
expertise in end markets, such as Defense&Aerospace,
Environmental and Meteorology.
“Today marks the beginning of an exciting
new chapter for LR Tech’s history. We founded LR Tech in 2003 and
it has since become a market leading designer and manufacturer of
high performance spectroradiometers for trusted
long-term customers such as NASA or DoE (US department of
energy). We are recognized for our skills to build instruments with
features that need to fulfil stringent quality standards. Joining
Exosens is an incredibly fruitful step for our company as this
transaction will allow us to strengthen our current market position
through the crosspollination of sales forces, R&D and
manufacturing support and expertise with TELOPS.”
stated Luc Rochette, CEO of LR Tech.
ABOUT EXOSENS:
Exosens is a high‐tech company, with more than
85 years of experience in the innovation, development,
manufacturing and sale of high‐end electro‐optical technologies in
the field of amplification, detection and imaging. Today, it offers
its customers detection components and solutions such as travelling
wave tubes, advanced cameras, neutron & gamma detectors,
instrument detectors and light intensifier tubes. This allows
Exosens to respond to complex issues in extremely demanding
environments by offering tailor‐made solutions to its customers.
Thanks to its sustained investments, Exosens is internationally
recognized as a major innovator in optoelectronics, with production
and R&D carried out on 10 sites, in Europe and North America
and with over 1,600 employees.
Exosens is listed on compartment A of the
regulated market of Euronext Paris ﴾Ticker: EXENS –
ISIN: FR001400Q9V2﴿ and is a member of Euronext Tech Leaders
segment.
For more information: exosens.com
Forward-looking statements
Certain information included in this press
release are not historical facts but are forward-looking
statements. These forward-looking statements are based on current
beliefs, expectations and assumptions, including, without
limitation, assumptions regarding present and future business
strategies and the environment in which Exosens operates, and
involve known and unknown risks, uncertainties and other factors,
which may cause actual results, performance or achievements to be
materially different from the forward-looking statements included
in this press release.
Media contacts for Exosens:
Brunswick group – exosens@brunswickgroup.com
Laetitia Quignon, + 33 6 83 17 89 13
Nicolas Buffenoir, + 33 6 31 89 36 78
- EXOSENS-LR TECH - Press release English_VF
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