Luxium Solutions Acquires Inrad Optics for $19 Million
April 9, 2024
Luxium Solutions has completed its all-cash acquisition of Inrad Optics in a deal valued at approximately $19 million (including assumed debt). Under the terms of the definitive merger agreement, Inrad Optics stockholders received $1.10 per share in cash, and the transaction strengthens Luxium’s portfolio in optics and photonics solutions.
- Buyers
- Luxium Solutions, LLC, SK Capital Partners, Edgewater Capital Partners
- Targets
- Inrad Optics, Inc.
- Sellers
- Clarex, Ltd., Welland, Ltd.
- Platforms
- Luxium Solutions, LLC
- Industry
- IT Services
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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