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SOURCE Amplitude Group
PARIS, July 1, 2014 /PRNewswire/ --
Amplitude (Amplitude Technologies and Amplitude Systemes) an innovative leader in the science, design, and manufacturing of high performance laser systems, and Continuum Lasers, a leading supplier of a full line of laser products for scientific, industrial, and commercial applications, today announced that they have entered into a definitive agreement for the acquisition of Continuum by Amplitude from its current owner GSI Group.
Upon completion of the transaction, Amplitude will have launched a transformative growth phase with a much wider product offering and a comprehensive global presence. Following the integration phase, the total number of people employed by the new entity will increase to 270 from 200 and turnover should reach US$84m. Overall, the combined company will have a diversified foundation for sustained growth and its worldwide distribution capacities will be considerably strengthened.
This acquisition will allow Amplitude Technologies to serve a more diverse customer base, with a well-differentiated product mix that will sustain growth for years to come. The combined portfolio of products and services will allow the joint companies to more efficiently meet demands in the laser marketplace.
"We are excited to be completing this transaction with GSI, and welcome the Continuum team to the Amplitude family. We look forward to working together more closely to expand our offering of photonic solutions and leverage the strong brands that both teams have established. This combination further advances our mission to provide high performance laser systems for a variety of applications to customers around the world", said Gilles Riboulet, CEO of Amplitude Technologies.
"The recognized excellence of Continuum, and its location at the heart of the Silicon Valley in a brand new industrial facility, will strengthen our support capability to our growing base of industrial, medical and scientific customers", said Eric Mottay, CEO of Amplitude Systemes.
"We are pleased to join Amplitude Technologies, a global expert in designing and manufacturing high-performance laser systems for research laboratories and public institutions around the world. I believe this combination will enhance our product development capabilities and brings us into partnership with a technology leader that is focused on scientific lasers", said Larry Cramer, General Manager of Continuum Lasers.
The combination with Continuum Lasers expands and accelerates Amplitude's corporate strategy, while strengthening Amplitude as a durable and innovative partner for researchers and industrial customers engaged in a variety of scientific and medical fields.
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