Luxium Solutions completes strategic acquisition of Inrad Optics, a leading optical materials company

Recently, Luxium Solutions, a high-performance crystal material supplier, announced the successful completion of its strategic acquisition of Inrad Optics, a leading optical materials company. This milestone transaction not only greatly enriches Luxium's innovative product matrix, but also injects valuable resources, operational wisdom, and capital drive into Inrad Optics. Both parties will work together to open a new chapter in the field of optical materials.

Amy Eskilson, President and CEO of Inrad Optics, expressed deep gratitude to customers, shareholders, and all stakeholders after the acquisition was completed, and emphasized that the team is ready to embark on a more brilliant future. She is particularly grateful to the board of directors for their steadfast support and excellent guidance during the merger and acquisition process, which has laid a solid foundation for the smooth transition and future development of Inrad Optics.

Michael Cahill, CEO of Luxium Solutions, said, "We are delighted to collaborate with Inrad Optics' experienced team of technology and industry experts. We believe that through our strong partnership, we will be able to provide customers with a wider range of higher value solutions. The technological complementarity between Luxium and Inrad Optics in materials science and optical applications will greatly enhance our ability to serve customers, marking a crucial step forward in expanding our market presence, enhancing resource strength, and increasing customer value
Looking ahead, Luxium Solutions, Inrad Optics, and PLX Inc., which Luxium acquired in May 2024, will jointly leverage their comprehensive advantages and resources to continuously promote technological innovation and industrial upgrading, creating more value for customers, stakeholders, and all employees. This series of strategic initiatives demonstrates Luxium Solutions' firm commitment to sustained growth and innovation in the fields of optics and photonics.

Inrad Optics is renowned for its excellent quality management system, focusing on integrating high-quality optical materials into cutting-edge optical components, assemblies, and systems. Its extensive product line of standard and customized optical components, including large-sized, ultra high precision components, complex curved crystal components, and metal optical components, demonstrates its profound expertise in optical design and manufacturing. With these professional capabilities, Inrad Optics has successfully completed numerous highly challenging customized optical design projects.

Luxium Solutions, as a global technology pioneer headquartered in Hillam, Ohio, USA, focuses on providing single-crystal scintillation materials for radiation detection, as well as sapphire and garnet substrates for applications in photonics and power electronics. The company's outstanding capabilities in crystal growth, packaging, and integration, combined with a deep technical accumulation of over 170 patents, make it unique in the industry. Luxium Solutions has over 400 employees worldwide, with production bases in the United States, France, and India, as well as sales offices in China and Japan. It serves more than 650 customers worldwide and is widely used in key fields such as medical imaging, security and border protection, semiconductors, aerospace and defense, and oil and gas.

This acquisition will undoubtedly open a new chapter for Luxium Solutions and Inrad Optics to work together and create brilliant achievements, jointly promoting the innovative development of the optical materials industry.

Source: OFweek