Excelitas Technologies to Buy Heraeus Noblelight Business from Heraeus Group
Excelitas Technologies Corp. has signed a definitive agreement with Heraeus Group, Hanau, Germany, to acquire the Heraeus Noblelight business with approximately 850 employees, including operations in Germany, United Kingdom, United States, China, and Japan, along with several key application centers. The agreement has been approved by both companies. Terms are not being disclosed and the transaction is expected to close before the end of 2023, subject to obtaining the required regulatory approvals.
Heraeus Noblelight is an operative company within Heraeus Group, a broadly diversified and global family-owned technology group. Heraeus Noblelight specializes in the development and manufacture of specialty light sources and solutions, from ultraviolet to infrared, used within analytical instrumentation, industrial curing, water treatment, electronics manufacturing, medical and cosmetic therapy, battery production, and many others.