Photonis buying Xenics for IR imaging
Optical sensing specialist Photonis SA (Merignac, France) has agreed to buy Xenics NV (Leuven, Belgium) for an undisclosed sum.
Xenics, a spin off from the IMEC research institute, was established in Belgium in 2000 as a designer and manufacturer of infrared sensors, cores and cameras. Xenics employs 65 people worldwide.
Photonis is a maker of image intensifiers, digital imaging subsystems and scientific and industrial detectors of numerous types.
Jérôme Cerisier, CEO of Photonis said: “We are thrilled to welcome Paul Ryckaert and the whole Xenics team in Photonis Group. With this acquisition, we are aiming to create a European integrated leader in advanced imaging in high-end markets. We will together combine our forces to strengthen our position in the infrared imaging market.”
The transaction is expected to be finalized in the coming weeks. Terms of the transaction are not being disclosed and are pending customary clearances and approvals.