Elation Lighting Acquires X-Laser

Bausch + Lomb Acquires Elios Vision

December 11, 2024

Medical Devices

Bausch + Lomb Corporation (through an affiliate) has acquired Elios Vision, Inc., developer of the ELIOS excimer-laser MIGS system, expanding Bausch + Lomb's glaucoma surgical capabilities and complementing its cataract surgery portfolio. The ELIOS technology, currently CE marked and marketed in the EU, is undergoing pursuit of FDA approval and will be commercialized more broadly through Bausch + Lomb's global cataract surgery channels.

Union Park Capital Acquires Majority Stake in Z-LASER GmbH

January 15, 2021

Manufacturing

Boston-based private equity firm Union Park Capital has made a majority investment in Z-LASER GmbH, a Freiburg, Germany–based designer and manufacturer of laser modules and projection systems. Z-LASER will serve as the core asset in Union Park's newly created holding company, Exaktera, to support future growth and expansion while management remains in place.

Luminar Technologies Acquires OptoGration Inc.

July 19, 2021

Manufacturing

Luminar Technologies has acquired its exclusive InGaAs photodetector design partner and specialized fabrication partner, OptoGration Inc., securing chip IP and production capacity to support series production of its Iris lidar sensor. The deal brings OptoGration’s founders into Luminar, secures roughly one million InGaAs chips per year capacity (expandable), and deepens integration with Luminar’s Black Forest Engineering assets to accelerate production and reduce costs.

Exaktera Acquires Advanced Illumination Inc.

August 31, 2022

Manufacturing

Exaktera LLC, a portfolio company of Union Park Capital, has acquired Advanced Illumination Inc., a designer and manufacturer of specialty LED lighting assemblies and drivers for machine vision, industrial imaging and biomedical applications. Terms were not disclosed; Advanced Illumination will continue operating from Rochester, Vermont with John Thrailkill remaining in a leadership role and will be integrated into Exaktera's precision components platform to expand machine-vision illumination capabilities.

Kade Ventures Acquires GleamXLights

July 20, 2023

Manufacturing

Kade Ventures, a private equity firm, has acquired GleamXLights, a B2B LED lighting brand founded in 2014 and operating manufacturing in Delaware. The deal is intended to scale GleamXLights' global reach, strengthen its supply chain and marketing capabilities, and accelerate growth across commercial and industrial lighting markets.

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.