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Jul 28th, 2014
Newport to acquire fiber-laser firm V-Gen
Newport Corp. has entered into an agreement to acquire V-Gen Ltd., a developer and manufacturer of pulsed fiber lasers headquartered in Tel Aviv, Israel.
The sale price was not disclosed, but Newport said V-Gen is expected to generate sales of $15 million to $20 million in the first twelve months after the transaction closes later this quarter. V-Gen has approximately 50 employees worldwide.
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