|This Slide: #41 of 100|
Slide #41. GSI Group — JADAK Technologies Inc.
GSI Group (NYSE:GSIG)
JADAK Technologies Inc.
GSI Group Inc. (NASDAQ: GSIG) (the "Company", "we", "our", or "GSI"), a global leader and supplier of precision photonics and motion control components and subsystems to the medical, industrial, electronics and scientific markets, today announced that it has reached an agreement to acquire JADAK Technologies Inc. and JADAK LLC (together, "JADAK"), a North Syracuse, New York-based provider of optical data collection and machine vision technologies to OEM medical device manufacturers, for $93.5 million in cash. The transaction, which is subject to certain regulatory reviews and customary closing conditions, is expected to close in March, 2014.
GSI Group is a holding company. Co. designs, develops, manufactures and sells photonic and motion control components and subsystems to original equipment manufacturers in the medical equipment and industrial technology markets. Co. has three segments: Laser Product, which designs, manufactures and markets photonics-based solutions; Medical Technologies, which designs, manufactures and markets visualization solutions, imaging informatics products, optical data collection and machine vision technologies, thermal printers, and measurement instrumentation; and Precision Motion, which designs, manufactures and markets optical encoders and air bearing spindles and precision machined components.
Open the GSIG Page at The Online Investor »
Free GSIG Email Alerts:
Get SEC Filing Alerts
Get Dividend Alerts
Hold (2.00 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite