HGH Infrared Systems on June 17 said it has acquired Electro Optical Industries (EOI), giving it development and manufacturing capabilities for products in test equipment and calibration instrumentation for government and commercial applications.
Terms of the acquisition were not disclosed. The new entity is named Electro Optical Industries Inc.
HGH specializes infrared technology and EOI’s products are used in the aerospace and defense industry and research and development laboratories.
HGH is based in France with its United States operations based in Massachusetts. EOI is based in California.
“This merger will greatly enhance our development and manufacturing capabilities in the USA,” Thierry Campos, president of the newly formed Electro Optical Industries, said in a statement. “It will also significantly extend our product line and service offerings to the benefit of our customers.”
Campos led HGH before the acquisition.
EOI was part of the private equity firm Blue Wolf Capital, which divested the business because it was no longer core to its long-term strategy.
Alderman & Company served as Blue Wolf’s financial adviser on the deal.