CS Services Investment, Capital, Merger&Acquisition

Mitsubishi Electric U.S. to Acquire Powerex Power Device Sales Business Unit

Mitsubishi Electric Corporation reported that on November 3, it agreed to acquire the power device sales business currently handled by Powerex. Under the terms of the acquisition agreement, Mitsubishi Electric U.S. will take over the power device sales business during January 2018. Financial terms of the acquisition were not disclosed. …

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Argo AI Acquires Princeton Lightwave

Argo AI, a robotics and artificial intelligence firm with financial backing of Ford Motor Co. as part of Ford’s self-driving car efforts, has acquired Princeton Lightwave Inc (PLI) of Cranbury, New Jersey, USA. Startup firm Princeton Lightwave produces indium gallium arsenide (InGaAs)-based near-infrared/shortwave-infrared (SWIR) single-photon detectors including LiDAR (light detection …

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Representatives from the Welsh and UK Governments, the Cardiff Capital City Region Deal, and IQE plc Agreed to Establish CS Foundry as Part of CS Connected Cluster

The Cardiff Capital Region City Deal, along with representatives of the Welsh and UK Governments, and IQE plc, came together to agree to the development of the Compound Semiconductor Foundry, which will assist in establishing the CS Connected Cluster. The CS Connected Cluster intends to join international businesses, academics, and …

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II-VI Acquires Integrated Photonics

II-VI Incorporated based in Saxonburg, Pennsylvania USA announced the acquisition of Integrated Photonics, Inc., headquartered in Hillsborough, New Jersey.The cash transaction valued at about $45.0 million at closing also comes with a $2.5 million earn out. The business will be a division of II-VI’s Photonics segment. Integrated Photonics Spun-out of …

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Daylight Solutions Acqusition by Leonardo DRS Completed

Daylight Solutions of San Diego reported on Thursday that the firm is now part of Leonardo DRS. The completion of the $150 million acquisition came after the companies obtained final regulatory approvals for the acquisition. The companies first announced the deal in March 2017. Daylight Solutions said it will continue operating from San …

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