1 week Ago
The acquisition includes the Optical Systems (OS) business known under the Qioptiq brand based in Northern Wales, UK, as well as the US-based Advanced Electronic Systems (AES) business. The UK-based OS business provides advanced optics for heads-up and helmet-mounted displays, dismounted tactical night vision systems and proprietary glass used in space and satellite applications. In the US, the AES business provides custom energetics, including electronic safe & arm devices, high-voltage semiconductor switches and rubidium frequency standards for defense and space applications.
The transaction is anticipated to be completed in early 2025 and is subject to customary closing conditions, including regulatory approvals..
