MKS Instruments Acquires Photon Control

Laser Photonics Acquires Control Micro Systems (CMS)

December 17, 2024

Manufacturing

Laser Photonics Corporation (NASDAQ: LASE) acquired Control Micro Systems, Inc. (CMS) for approximately $1.05 million ($950,000 cash and $100,000 in common stock). The acquisition expands Laser Photonics' engineering capabilities and entry into the pharmaceutical market, with CMS bringing precision laser drilling systems and a revenue backlog of over $3.7 million.

IonQ Acquires Controlling Stake in ID Quantique

May 6, 2025

Cybersecurity

IonQ has completed the acquisition of a controlling stake in ID Quantique (IDQ), adding IDQ's quantum key distribution (QKD) systems, quantum random number generators (QRNGs) and single-photon detectors to its product portfolio. The deal expands IonQ's quantum networking and secure-communications capabilities, brings nearly 300 granted and pending patents to IonQ's IP estate, and strengthens its position in national and international quantum communications initiatives.

MKD Electric Acquires Bachelor Controls (Hastings Equity Partners Portfolio Company)

June 9, 2022

Industrial Services

MKD Electric, a portfolio company of Hastings Equity Partners, has invested in Bachelor Controls, a Sabetha, Kansas-based control systems integrator. The transaction expands MKD's automation and electrical service capabilities, broadens its geographic footprint, and strengthens offerings to food & beverage, pharmaceutical, and other manufacturing customers.

Merck KGaA Acquires Unity‑SC

October 31, 2024

Manufacturing

Merck KGaA, Darmstadt, Germany completed the acquisition of Unity‑SC, a French provider of metrology and inspection instrumentation, for €155 million plus milestone-based payments. The deal (Unity‑SC, based in Montbonnot‑Saint‑Martin, France, with ~160 employees) expands Merck’s electronics/display capabilities into advanced metrology to strengthen its newly positioned Optronics offering and better serve semiconductor, AI/HPC and advanced packaging markets.

CACI International Acquires SA Photonics

December 16, 2021

Aerospace & Defense

CACI International has completed the acquisition of SA Photonics, a developer of free-space optical (FSO) communications and LiDAR sensing technologies. The deal expands CACI's photonics engineering and scaled manufacturing capabilities — adding facilities in California and Florida — to serve U.S. government, intelligence, and commercial space (LEO) customers.

KKR Acquires Industrial Physics from Union Park Capital

July 19, 2023

Manufacturing

Investment funds managed by KKR agreed to acquire Industrial Physics from Union Park Capital. Industrial Physics is a global manufacturer of testing, inspection and measurement instruments serving food & beverage, packaging, medical and other industrial markets; KKR plans to support growth organically and via add-on acquisitions and implement an employee ownership program. Financial terms were not disclosed.