Necsel Announces Definitive Agreement to Acquire PD-LD
Acquisition timed with key annual Photonics West and BIOS industry events
MILPITAS, CALIFORNIA – February 12, 2016 – Necsel, a leading laser and laser solutions company, has entered into a definitive agreement to acquire PD-LD (www.PD-LD.com), a leader in communication, stabilized-module and VBG glass technology.
Vladimir Ban, PD-LD founder and CEO, stated “The PD-LD board of directors is pleased to have overseen the growth of the company from its inception to an industry leader in communications and VBG glass technology. We commend all of our employees for their continued hard work and dedication.”
“The combination of Necsel and PD-LD creates a world class laser solutions provider and allows us to further utilize our global footprint and sales support. This acquisition will increase our product portfolio, know-how and strengthens our IP portfolio to better serve our customers in the bio-instrumentation and life sciences space. It also augments and strengthens our vertical integration strategy to continue to serve the needs of our projection customers and enhance the global rollout of laser cinema” said William Mackenzie, Chairman and CEO of Necsel. “We are excited to announce this before the key annual Photonics West and BIOS events, where we will be discussing our plans with our worldwide customer base.”
The merger is expected to close in March 2016.
Necsel IP, Inc., develops and manufactures lasers and laser solutions for the projection, specialty lighting, medical, industrial, and life sciences marketplaces. The company’s cost effective solutions provide these applications additional performance benefits, such as brighter outputs, higher contrast ratios, longer lifetimes, and the creation of products that were never possible before. Necsel’s business model is driven by high-level customer interaction and co-development to rapidly advance our customers’ technology capability and product performance. The company is headquartered in Silicon Valley, California, with manufacturing facilities worldwide. To learn more about Necsel, visit www.necsel.com.
PD-LD, Inc., a specialty photonic packaging company, headquartered in Pennington, New Jersey, is a U.S. manufacturer and assembler of pigtailed and receptacle mounted fiber coupled laser diodes, LED’s, detectors, high power pulsed lasers and bi-directional devices for the optical communications, test equipment and medical industries. Named one the fasted growing technology companies in NJ, PD-LD has also been very successful in developing a new Volume Bragg Grating® (VBG®) technology, with wide applications in many branches of photonic industries. The company provides custom Volume Bragg Grating® (VBG®) elements, VBG stabilized lasers and sub-systems for a variety of applications, including Raman spectroscopy, flow cytometry, medical instrumentation, high power lasers and displays. PD-LD currently licenses the VBG® technology to other companies active in the field. The technology is protected by 27 issued patents, with more pending. For more information, visit www.pd-ld.com.
For more information about Necsel, contact Raymond Ong, 408-940-0751, firstname.lastname@example.org
For more information about PD-LD, contact Uri Abrams at 609-564-7900