Riverside sells lighting manufacturer Lumen Dynamics to Excelitas

Mississauga, Ontario-based Lumen Dynamics Group Inc, a manufacturer of lamp and LED-based UV curing and fluorescence illumination systems, has been acquired by Excelitas Technologies Corp, a Waltham, Mass.-based provider of customized solutions to meet lighting, detection and related technology needs. The acquisition price was not disclosed. Lumen Dynamics, formerly the life sciences and industrial division of EXFO Inc, was bought for US$24.3 million by New York-based private equity firm The Riverside Co in 2010.

PRESS RELEASE

Excelitas® Technologies Acquires Lumen Dynamics

November 12, 2013 – Excelitas® Technologies, a global technology leader focused on delivering innovative, customized optoelectronics to OEMs seeking high-performance technology solutions, announced that it has acquired Lumen Dynamics, a privately-held innovation leader and volume manufacturer of lamp and LED-based UV curing and fluorescence illumination systems.

“Lumen Dynamics’ technology and innovative product portfolio complement Excelitas®’ existing suite of specialty lighting products,” said David Nislick, Chief Executive Officer, Excelitas® Technologies. “With the addition of Lumen Dynamics’ expertise in UV curing, Excelitas® is now poised to expand our penetration of the high growth UV curing markets and address an even wider range of demanding medical and industrial applications.” This acquisition strengthens Excelitas®’ UV and LED capabilities and broadens the portfolio of offerings to the fluorescence illumination and microscopy markets.

Headquartered in Ontario, Canada and founded in 1984, Lumen Dynamics is focused on advancing UV system technology while continuously improving its contribution towards environmental sustainability. It offers a comprehensive suite of products under high profile OmniCure® and X-Cite® brands. The combined companies will deliver an expanded range of customized fiber optic UV and LED solutions and specialty lighting products for OEMs in electronics/optoelectronics, digital printing, medical device, and life science applications.

Lumen Dynamics marks the fourth acquisition consummated by Excelitas® since its formation in late 2010. In October 2013, Excelitas® completed the acquisition of Qioptiq, further diversifying the range of optoelectronic products to OEMs and increasing the Company’s global footprint. In 2012, Excelitas® acquired high-voltage power supplier Kaiser Systems and lamp-manufacturer Carsan Engineering.
The terms of the deal are not being disclosed.

About Excelitas® Technologies

Excelitas® Technologies is a global technology leader focused on delivering innovative, customized solutions to meet the lighting, detection and other high-performance technology needs of OEM customers. From medical lighting to analytical instrumentation, clinical diagnostics, industrial, safety and security, and aerospace and defense applications, Excelitas® Technologies is committed to enabling our customers’ success in their end-markets. Excelitas® Technologies has approximately 5,000 employees in North America, Europe and Asia, serving customers across the world. Connect with Excelitas® on Facebook, LinkedIn and Twitter.
Contacts:

Patrick Pecorelli
Excelitas® Technologies
patrick.pecorelli@excelitas.com
781.522.5915
Greg Winter
FleishmanHillard for Excelitas® Technologies
greg.winter@fleishman.com
617.692.0539

About Lumen Dynamics

Lumen Dynamics Group Inc. is a global leader of innovative specialty light delivery solutions for Life Science and Industrial applications. Founded in 1984, the company offers market leading products through its industry recognized brands: X-Cite® and OmniCure®. Lumen Dynamics is a technology company propelled forward by its commitment and light expertise in providing customer solutions through the innovative application of light. The company is focused on advancing technology while continuously improving its contribution towards environmental sustainability. For more information about Lumen Dynamics, visit www.LDGI.com.

Photo courtesy of Shutterstock.