LINOS Photonics merges US-subsidiary into Qioptiq Group company
The merger symbolizes a crucial step in the integration process of integrating LINOS into the Qioptiq Group and represents the foundation of a premier photonics and optical solutions provider in North America. With this important strategic goal met, the combined organization is now poised to serve the growing needs of a modern optics and photonics industry with a wider range of standard products, a deeper technology pool and a broader range of domestic technical, engineering and support services. William Gilman will continue his role from Qioptiq Imaging Solutions Inc. as President & CEO of Qioptiq LINOS Inc., while former President of LINOS Photonics, Inc., Gary Bishop, assumes the role of Sr. VP, Sales & Marketing to lead the company's growth and business development activities.
"This merger marks a milestone in the ongoing process of integrating the businesses of the LINOS and Qioptiq Groups. I am convinced that our market position will be strengthened by this action" said Volker Brockmeyer, CEO of LINOS AG and Vice President of the Qioptiq Group Optical Systems Division.
The Qioptiq Group PROFILE
The Qioptiq Group is a leading international organisation of world-leading optics companies with locations throughout Europe, Asia and the USA. The Group has an enviable reputation spanning over 100 years for providing advanced optical systems, equipment, modules and components for a diverse range of commercial and defence applications. Qioptiq's manufacturing operations offer some of the most advanced capabilities in optical system and module design, build and manufacture. This capability extends from complex optical components to complete turnkey optomechanical solutions in visible, infrared and ultraviolet wavebands.
The Qioptiq Group employs over 2,400 people and generated revenues of approximately US$400 million in 2008. For further information on the Qioptiq Group visit: www.qioptiq.com
About LINOS AG
LINOS AG is a manufacturer of sophisticated optical systems that operates all over the world. In line with the corporate principle "Photonics for Innovation", LINOS is a development partner and supplier for customers in such growth markets as lasers, optical metrology, medicine, biotechnology and semiconductors. The company is listed in the General Standard index at Frankfurt Stock Exchange and joined the Qioptiq Group, which is an international leader in the design and production of high-precision optical components and modules for military and commercial applications, in June 2007. LINOS has about 800 highly qualified staff at the locations in Göttingen, Munich, Regen and Warsaw and generated revenue of EUR 94 million in 2007. www.linos.de