Business
Acquisition of Constelex Technology Enablers Ltd
Acquisition of Constelex Technology Enablers Ltd.
About this update from Gooch & Housego Plc
[{"type":"text","content":"\n \nRNS Number : 8903T Gooch & Housego PLC 26 November 2013 \n\n\n\n\n\nFor immediate release\n\n\n26 November 2013\n\n\n\n\n \n \n\n\n\n\n\n\n\n\n\n\n\n\nGooch & Housego PLC (\"G&H\")\n \nAcquisition of Constelex Technology Enablers Limited \n \n\"Enhancing the Systems Capability\"\n \nGooch & Housego PLC, the specialist manufacturer of optical components & systems, announces that it has completed the acquisition of the entire issued share capital of Constelex Technology Enablers Limited (Constelex), an Athens, Greece, based designer and manufacturer of advanced photonic systems. \n \nConstelex is a small, start-up company specialising in low-noise optical fibre amplifiers. With a mission to become a world-leading design-house and solution provider for photonic systems with applications in telecommunications, space, defence and life sciences, Constelex has built up a strong reputation for technical excellence since it was founded in 2009. As a result, Constelex has enjoyed considerable success in securing contracts from the European Space Agency and attracting funding from the European Union to develop complex photonic systems for predominantly space and satellite applications. \n \nFor G&H, the value of Constelex lies in its proven capability in photonic systems for space applications, its relationships with satellite manufacturers and space agencies and its participation in a number of product development contracts and R&D funded programmes. The objective of these activities is to develop and demonstrate next generation systems applicable to satellite communications. By working in collaboration with satellite manufacturers there is a clear route to commercial exploitation of the technology. Participation of Constelex in development contracts and R&D programmes means that Constelex will be self-financing as part of G&H. \n \nThe acquisition of Constelex is aligned with G&H's strategic objective of moving up the value chain by leveraging its leadership in components to develop a higher-added-value capability at the sub-systems and systems level. In February this year G&H established the Systems Technology Group (STG) at its Torquay, UK, facility to function as a separate business unit with a remit to design, develop and prototype systems-...