Novanta Inc.

Electronic Components & Devices

JK Lasers Launches Kilowatt-class Fiber Lasers

RUGBY, England, -- JK Lasers, a subsidiary of GSI Group Inc. and a leading supplier of fiber lasers, Nd:YAG laser solutions, Q-Switched Lasers, Gas Lasers, and associated process tools, announced today it is shipping a recently launched one kilowatt (kW) fiber laser system. The JK1000FL range of Fiber Lasers has wide range of versatile features, which offer many advantages over more traditional...

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Machinery & Machining Tools

GSI Group Announces Multi-System Order from New Customer - Rexchip for High Throughput/Productivity Production-Proven Model M550 Wafer Repair Systems

BILLERICA, Mass., June 4 / -- GSI Group Inc., a supplier of precision technology and semiconductor systems, today announced that a new customer, Rexchip, has ordered multiple M550 Infrared laser based wafer repair systems. The M550 is GSI's newest Wafer Repair System designed for faster throughput and accuracy. Rexchip Electronics Corporation, headquartered in Taiwan, is a joint venture between...

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Electrical Equipment & Systems

GSI Group Announces $7 Million Purchase Order for Mixed Signal Systems

Billerica, MA, June 22, 2006 - GSI Group Inc. (Nasdaq: GSIG) announced a multiple system purchase order in excess of $7 Million for Wafer Trim systems used in the production of mixed signal analog chips for the electronics and automotive industries. To date GSI has announced orders for shipments of Wafer Trim systems totaling over $18 million in 2006. Deliveries for this latest order are...

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Mergers & Acquisitions

GSI Group Acquires SkyeTek for $2.6 Million in Cash

Acquires leading provider of RFID solutions to medical original equipment manufacturers BEDFORD, Mass. –- GSI Group Inc. (NASDAQ: GSIG) (the Company , we , our , or GSI ), a global leader and supplier of laser, precision motion, and vision technologies to original equipment manufacturers ( OEM ) in the medical and advanced industrial markets, today announced it has acquired the assets of...

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Electronic Components & Devices

JK Lasers Launches Kilowatt-class Fiber Lasers

RUGBY, England, -- JK Lasers, a subsidiary of GSI Group Inc. and a leading supplier of fiber lasers, Nd:YAG laser solutions, Q-Switched Lasers, Gas Lasers, and associated process tools, announced today it is shipping a recently launched one kilowatt (kW) fiber laser system. The JK1000FL range of Fiber Lasers has wide range of versatile features, which offer many advantages over more traditional...

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Mergers & Acquisitions

GSI Announces Closing of Sale of U. S. Optics Business

BEDFORD, Mass., Oct. 9 -- GSI Group Inc., (NASDAQ:GSIG), a leading supplier of precision technology and semiconductor systems, today announced that it has completed the sale of its General Optics business unit located in Moorpark, California to Gooch & Housego plc. for $21 million. The Company also stated that its cash position, including the sale proceeds, but excluding approximately $25M of...

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Mergers & Acquisitions

GSI Group Completes Acquisition of Excel Technology

BEDFORD, Mass., Aug. 29 -- GSI Group Inc., (NASDAQ:GSIG) announced today that it has completed its acquisition of Excel Technology, Inc. ( Excel ) pursuant to a short-form merger in which an indirect wholly owned acquisition subsidiary of GSI was merged with and into Excel, with Excel continuing as the sole surviving corporation and as an indirect wholly owned subsidiary of GSI. GSI previously...

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Mergers & Acquisitions

GSI Group Completes Tender Offer for Excel Technology

BEDFORD, Mass., Aug. 27 - GSI Group Inc. today announced successful completion of the tender offer by its indirect wholly owned subsidiary Eagle Acquisition Corporation (EAC) for all outstanding shares of common stock of Excel Technology, Inc. The depositary for the tender offer has advised GSI and EAC that, as of the expiration of the subsequent offering period at 5:00 p.m., New York time, on...

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Mergers & Acquisitions

GSI Group Signs Definitive Agreement to Acquire Excel Technology

BEDFORD, Mass., July 10 -- GSI Group Inc., (NASDAQ:GSIG) and Excel Technology Inc. (NASDAQ:XLTC) announced today that they have entered into a definitive agreement for GSI to acquire Excel in an all-cash transaction for $32.00 per share, or approximately $360 million, before fees and transaction costs. The offer price represents a 30.2% premium to the average Excel closing share price over the...

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Machinery & Machining Tools

GSI Group Announces Multi-System Order from New Customer - Rexchip for High Throughput/Productivity Production-Proven Model M550 Wafer Repair Systems

BILLERICA, Mass., June 4 / -- GSI Group Inc., a supplier of precision technology and semiconductor systems, today announced that a new customer, Rexchip, has ordered multiple M550 Infrared laser based wafer repair systems. The M550 is GSI's newest Wafer Repair System designed for faster throughput and accuracy. Rexchip Electronics Corporation, headquartered in Taiwan, is a joint venture between...

Read More »
Mergers & Acquisitions

GSI Group Announces Acquisition of Thales Optronics Beryllium Business

BILLERICA, Mass., June 4 -- GSI Group Inc., (NASDAQ:GSIG), today announced the purchase of the beryllium mirrors and structures business of UK-based Thales Optronics for an undisclosed amount. The acquisition combines a global leader in the design and manufacture of beryllium mirrors and structures with GSI's existing optical scanning and precision optics product lines. These technologies are...

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Company News

GSI Group Announces Investor Analyst Day on June 5, 2007

BILLERICA, Mass., May 10 -- GSI Group Inc., (NASDAQ:GSIG), a supplier of precision technology and semiconductor systems, today announced the date of its annual investor analyst day. Where: Boston Logan Airport Hilton Hotel When: June 5th, 2007 from 8am - 12noon Register: http://gsig.com/investors About GSI Group Inc. GSI Group Inc. supplies precision technology to the global medical, electronics,...

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