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Advanced fiber optic-based technology expert, Luna Innovations, has announced the acquisition of Chino-California based company, General Photonics Corporation. General Photonics is a leading provider of innovative components, modules and test equipment focused on the generation, measurement and control of polarized light critical in fiber optic-based applications. The purchase price was $20 million, which includes a potential $1 million earn out payment. General Photonics provides customers with advanced technological solutions across a variety of industries, including those within Luna’s strategic markets.

General Photonics’ component and module product lines are an ideal addition to Luna’s overall product portfolio. Its polarization measurement instruments are highly complementary to Luna’s industry-leading line of optical measurement tools. Integrated into Luna’s Lightwave division, General Photonics’ product portfolio will add both breadth and depth to Luna’s offering, and facilitate greater penetration within Luna’s target customer base. In addition, several of Luna’s instruments already incorporate General Photonics’ products, creating vertical integration synergies.                       

According to Scott Graeff, the President and Chief Executive Officer of Luna, the acquisition brings a highly complementary product portfolio to the capabilities of Luna’s communications test products. The company now intends to drive a quick and smooth integration as both company’s products are built on similar electronics, optics and software platforms for high-precision measurement and control of light. This deal further demonstrates Luna’s commitment to use capital prudently for transactions that are quickly accretive to its earnings, and it is consistent with its previously stated goal to drive long-term value.

According to Vice President and General Manager of Luna’s Lightwave Division, Brian Soller, they have created a broader, stronger product portfolio that is centered around what they do best: measure and manage light in optical fiber. The complementary nature of the combined product lines will allow Luna to leverage existing channels to market and provide solutions across more of the value chain in key target markets. The company is now in a better position to service customers’ measurement needs in a rapidly evolving market, where the need for high-quality measurement and control of light is growing.