Reading time ( words)
Excelitas Technologies® Corp., a global industrial technology leader delivering innovative products and custom photonic solutions, announced that it has signed a definitive agreement to acquire PCO AG, based in Kelheim, Germany. A privately held company, PCO is a market-leading designer, developer and manufacturer of high-end scientific CMOS cameras for both biomedical and high-speed industrial imaging applications. Excelitas will acquire 100 percent of PCO AG shares from founder, Dr. Emil Ott.
“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.”
Dr. Emil Ott, founder of PCO, added, “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.”
The transaction is expected to be finalized in the coming weeks. Terms of the transaction are not being 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.