Luxium Solutions, LLC (“Luxium”), a global leader in technology specializing in high-performance crystals for photonics and radiation detection applications, has successfully finalized the acquisition of Inrad Optics, Inc. today. This strategic acquisition bolsters Luxium’s portfolio with innovative products and reinforces Inrad Optics with substantial resources, operational expertise, and capacity investments.
Amy Eskilson, President and CEO of Inrad Optics, expressed gratitude, stating, “I would like to thank our customers, shareholders, and stakeholders for their steadfast support over the past 51 years. I extend my sincere appreciation to our Board of Directors for their guidance throughout the acquisition process. We are well-positioned for future success.”
Michael Cahill, CEO of Luxium Solutions, shared his enthusiasm about the collaboration, noting, “We look forward to working closely with Inrad Optics’ experienced team of technical and industry professionals. This acquisition significantly expands the range and value of solutions we can offer our customers.” He emphasized the complementary technical expertise in applied material sciences and optics between Luxium and Inrad Optics, enhancing capabilities and global customer offerings.
The acquisition aligns Luxium, Inrad Optics, and PLX Inc. (acquired by Luxium in May 2024) to leverage combined strengths and resources, aimed at delivering enhanced value to customers, stakeholders, and employees. This strategic move underscores Luxium’s commitment to growth and innovation within the optics and photonics sectors.
Advisors:
Luxium Solutions, LLC is advised by CriticalPoint Partners, LLC as financial advisor and Latham & Watkins LLP as legal counsel. For more information about CriticalPoint Partners, LLC, please visit www.criticalpointpartners.com. For details about Latham & Watkins LLP, please visit www.lw.com.
Inrad Optics is advised by Needham & Company, LLC as financial advisor and Lowenstein Sandler LLP as legal counsel.
