6 December 2017
Excelitas acquired by AEA Investors
Excelitas Technologies Corp of Waltham, MA, USA has been acquired by funds sponsored by AEA Investors LP.
Owned by Veritas Capital Fund Management since November 2010, Excelitas provides customized photonic solutions for the lighting, detection and optical technology needs of OEMs. AEA Investors manages funds that have about $10bn of invested and committed capital, and AEA private Eequity invests across four sectors: value-added industrial products, specialty chemicals, consumer/retail and services.
“AEA Investors is an experienced investor in the industrial technology sector with a strong track record of successful investments,” comments Excelitas’ CEO David Nislick. “Their focus on facilitating the growth of companies like Excelitas makes AEA the ideal partner to help capitalize on our growing market opportunities as we continue delivering innovative photonics technologies to our customers.”
Excelitas will remain headquartered in Waltham, MA and retain its corporate identity and brands as it continues its business growth models.