Excelitas to acquire Luxium Solutions in seventh deal since 2017

Excelitas has signed a definitive agreement to acquire Luxium Solutions, one of the industry leaders in high-performance materials, substrates, components and assemblies headquartered in Hiram, Ohio.

The acquisition represents the seventh completed transaction by Excelitas since 2017, following the Noblelight acquisition in January 2024. The deal would expand the advanced technology provider's offerings across life sciences, advanced industrial, next-generation semiconductor and avionics sectors while enhancing its technical leadership through the addition of a robust patent portfolio and deep engineering expertise.

'Luxium brings a highly differentiated asset of scale with a strong reputation for technical excellence and customer trust to Excelitas,' stated Ron Keating, CEO of Excelitas. 'Luxium aligns with our strategy to increase our presence in targeted high-growth end markets, while also enhancing our capabilities in advanced optical technologies.'

Upon closing, Luxium will join Excelitas' advanced industrial segment. The Ohio-based company has undergone systematic transformation under SK Capital and Edgewater Capital, acquiring PLX and Inrad Optics, expanding its footprint in India and streamlining operations.

'During this period, we acquired PLX and Inrad Optics, expanded our footprint in India and streamlined our operations,' Michael Cahill, CEO of Luxium, explained. 'In parallel, we have invested in manufacturing improvements with the mission of better servicing our customers. We are excited to join the Excelitas platform, which is well-aligned with our markets, customers, engineering development processes and global business infrastructure.'