Business
Acquisition of Global Photonics
Acquisition of Global Photonics.
About this update from Gooch & Housego Plc
[{"type":"text","content":"\n\n\n\n\n\n \n\n\n14 May 2025\n\n\n\n\n \nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (withdrawal) Act 2018 (\"MAR\"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement this inside information will be considered to be in the public domain\n \n \nGooch & Housego PLC\n(\"G&H\" or the \"Company\" or the \"Group\")\n \nAcquisition of U.S.-based Global Photonics\n \n \nGooch & Housego PLC (AIM: GHH), the specialist manufacturer of optical components & systems, announces that it has agreed to acquire U.S.-based Global Photonics for a total consideration of $17.5 million. The acquisition is expected to be marginally earnings enhancing in the current financial year and increasingly earnings enhancing thereafter2.\n \nThis acquisition significantly extends G&H's presence in the U.S. Aerospace & Defence market and marks an important step towards replicating the success of the Group's optical systems hub in the UK by establishing a full optical systems engineering and manufacturing capability in the United States.\n \nGlobal Photonics, which is based near Tampa, Florida, supplies optical systems for military land applications, including periscopes and fire-control systems, as well as instrumentation for air platforms and other advanced precision optics. Its expertise in cleanroom lithography, photolithographic reticle fabrication, ion beam etching and advanced thin film coatings will complement G&H's existing manufacturing capabilities and enhance the Group's offering into the North American market.\n \nThe transaction represents another 'speed to value' acquisition by G&H. The acquisition allows us to support the Global Photonics team with the wider capabilities of G&H particularly in the areas of laser protection filtering and complex optical system design allowing them to secure further business through their existing strong reputation and well-established relationships with U.S. defence prime contractors. \n \nCharlie Peppiatt, Chief Executive Officer of Gooch & Housego, commented:\n \n\"Global Photonics is a s...