Mooreland Partners advises EM4, Inc. in its sale to Gooch & Housego plc
Greenwich CT, January 24, 2011 – Gooch & Housego plc has acquired EM4 Inc., a US manufacturer of optoelectronics, based near Boston, Massachusetts. EM4 produces active photonic components and fiber-optic systems, and specializes in high-performance, ruggedized components that are typically used in aerospace and satellite applications. Gooch & Housego, which is based in Somerset, UK, is expecting the acquisition to cost an initial consideration of up to $12 million, with a further potential performance-based earn-out of $7 million. The acquisition of EM4 will enable Gooch & Housego to move further towards a fully integrated service platform offering both ‘active’ and ‘passive’ fiber optic technology, and enhance our penetration of the US aerospace and defense market. Gooch & Housego has a good track record of successfully integrating businesses into the Group and the Board is confident that EM4 will fit in well. The Acquisition expects to be earnings enhancing for Gooch & Housego in the financial year to 30 September 2012.
About EM4, Inc.
EM4 is a US fiber optics business based near Boston in Massachusetts. It was established in 2000 to supply fiber optic components to the communications market. Today, EM4 designs and manufactures fiber optic products that incorporate “active” components such as lasers, detectors and high frequency receiver or transmitter electronics. These products are utilized in aerospace and defense, telecommunications, industrial and life sciences applications. EM4 specializes in high performance, ruggedized components and systems that are qualified for use in extreme environments such as those found in satellite and aerospace applications. EM4 predominantly serves customers in the US and Europe. For more information, visit www.em4inc.com.
About Gooch & Housego plc
Gooch & Housego PLC manufactures acousto-optic and electro-optic devices, precision optical components, crystals, optical instruments, and imaging systems in the United Kingdom and internationally. Its acousto-optic product line includes Q-switches, modulators, tunable filters, frequency shifters, deflectors, fiber-coupled devices, mode lockers, cavity dumpers, and pulse pickers. The company also offers pockels cells, nonlinear optics and IR wave plates, frequency conversion crystals, IR optics, and housings and holders; and optical radiation measurement solutions for life science and instrumentation. In addition, it provides fiber optic components and optical modules, such as single mode fused components, fused components, fiber laser components, photonic packaging, fiber optic modules and connectors, and fiber-coupled devices for telecommunications, fiber laser, avionics, and biomedical research markets. Further, the company offers various RF drivers consisting of Q-switch drivers, modulator drivers, acousto-optic tunable filter drivers, and deflector drivers, as well as fiber coupled q-switch, tunable filter drivers, device drivers, and rack systems. Additionally, it manufactures narrow band and wide band high reflector coatings for use in devices, such as spectrophotometers, laser scatterometers, ring down cavity loss meters, laser transmissometers, and ellipsometers. The company serves industrial, research, biomedical, life sciences, aerospace, and defense sectors. Gooch & Housego PLC was founded in 1948 and is headquartered in Ilminster, the United Kingdom. For more information, visit www.goochandhousego.com.