Beyond Borders
Consolidation in a Global Marketplace
As M&A activity heats up, optics and photonics companies are increasingly looking across borders for a good strategic fit—and that creates both challenges and opportunities.
[iStock]
After a three-year drought following the 2008 worldwide recession—when the industry focused mainly on cutting costs and doing more with less—optics and photonics companies are once again increasingly eyeing mergers and acquisitions (M&A) as a growth path. Over the past five years, as the global economy has recovered, companies, “having tapped their organic growth opportunities, are putting their cash to work inorganically,” according to Linda Smith, president and founder of Ceres Technology Advisors, a corporate finance consulting firm based in Needham, Massachusetts, USA, that provides M&A advice and guidance in the photonics industry.
…Log in or become a member to view the full text of this article.
This article may be available for purchase via the search at Optica Publishing Group.
Optica Members get the full text of Optics & Photonics News, plus a variety of other member benefits.