Luminar Technologies Acquires OptoGration Inc.

Quantum Computing Inc. Acquires Luminar Semiconductor, Inc. for $110M

February 5, 2026

Manufacturing

Quantum Computing Inc. (QCi) completed an all-cash acquisition of Luminar Semiconductor, Inc. (LSI), a wholly owned subsidiary of Luminar Technologies, in a transaction valued at $110 million. The deal brings LSI’s lasers, detectors, advanced packaging, and manufacturing capabilities into QCi’s thin-film lithium niobate photonics platform to create a vertically integrated, domestically manufactured photonics and quantum technology offering and to strengthen near-term revenue and defense/aerospace market access.

Luminar Technologies Acquires EM4 Optoelectronics Unit from Gooch & Housego

March 1, 2024

Manufacturing

Luminar Technologies has acquired the EM4 optoelectronic components and laser modules business (G&H Boston) from Gooch & Housego to strengthen its Luminar Semiconductor division and broaden its capability into aerospace and defense markets. Gooch & Housego disclosed the sale of EM4 for up to $12 million; the deal was finalised in March and supports Luminar's strategy to expand beyond automotive lidar into wider photonics and semiconductor manufacturing.

Luna Innovations Acquires General Photonics

March 4, 2019

Telecommunications

Luna Innovations Incorporated acquired General Photonics Corporation, a Chino, California-based provider of polarization management components, modules and optical test equipment, for $20 million (including up to $1 million earnout). The purchase expands Luna's Lightwave division and strengthens its communications test product portfolio by adding complementary measurement and polarization control capabilities and vertical integration synergies.

IPG Photonics Acquires Innovative Laser Technologies from Generation Growth Capital for $40M

July 11, 2017

Medical Devices

IPG Photonics Corporation has acquired Innovative Laser Technologies, Inc. (ILT) from Generation Growth Capital Fund II, LP for $40 million in cash. ILT, a Minneapolis-based designer and manufacturer of high-precision laser systems for medical device OEMs, will expand IPG's ability to deliver turnkey laser systems and integrated solutions to the medical device market and other end-user industries.

Luxium Solutions Acquires Inrad Optics

April 9, 2024

Manufacturing

Luxium Solutions, an affiliate of private equity firms SK Capital Partners and Edgewater Capital Partners, acquired Inrad Optics in an all-cash transaction valued at approximately $19 million (including assumed debt) and $1.10 per share. The deal, completed July 2, 2024, makes Inrad a privately held, U.S.-controlled business and is intended to expand Luxium's optics and photonics manufacturing capabilities and capacity.

Onto Innovation Acquires Lumina Instruments and Kulicke & Soffa Lithography Business

October 31, 2024

Manufacturing

Onto Innovation Inc. has acquired Lumina Instruments, Inc. (Milpitas, CA) and the lithography business of Kulicke & Soffa Industries, Inc. The tuck‑in acquisitions expand Onto Innovation’s inspection and panel lithography capabilities, add patents and R&D personnel, and are expected to generate up to $100 million of additional annual revenue within three years.