Excelitas Technologies Corp. recently announced that it has signed a definitive agreement to acquire Kelheim, Germany-based PCO AG. Privately held PCO is a designer, developer, and manufacturer of high-end scientific complementary metal-oxide semiconductor (CMOS) cameras for both biomedical and high-speed industrial imaging applications. Excelitas will acquire 100% of PCO AG shares from founder Emil Ott, Ph.D.
“We are delighted to have PCO join the Excelitas organization,” said Michael Ersoni, Excelitas executive vice president, Commercial SBU. “PCO is a pioneer and foundational developer of the scientific CMOS camera technology. Combining their superior imaging products and capabilities into Excelitas’ expanding portfolio of sensing, illumination, and optical products will enable us to leverage our product breadth and application knowledge to provide deeper end-to-end customer solutions across the life science and industrial markets.”
According to Ott, “We are very excited to join the Excelitas family, whose infrastructure and global presence will expand the reach and capabilities of our own high-performance cameras to grow in this expanding global market.”
Terms of the transaction were not disclosed and are pending customary regulatory clearances and approvals. PCO is the latest in a series of strategic acquisitions by Excelitas Technologies since its founding in 2010 and is the fourth such acquisition since Excelitas was purchased by AEA Investors in December 2017.