SOFRADIR to acquire US infrared equipment company, ELECTROPHYSICSSofradir announced today that it will acquire Electrophysics, a US developer of advanced high-performance IR equipment. Electrophysics designs and manufactures infrared equipment for a wide range of imaging applications including portable thermal imagers as well as night vision modules for low-light photography and videography. The company sells to industrial, scientific, law enforcement and US Department of Defense customers. Sofradir's acquisition is exptected to accelerate the development of Sofradir and its subsidiary Ulis in the North American market. It will provide Sofradir and Ulis with a US platform to better serve the North American IR detector and module market, estimated at USD 1 billion (approx. Eur 700 M), the largest in the world. "Having a US base of operations will allow us to be more cost competitive and responsive to our customers", commented Philippe Bensussan, Chairman and CEO of Sofradir, and Chairman of Ulis. "By joining the experienced team at Electrophysics, Sofradir is taking an important step forward to the benefit of the customers of both companies". Céline LAISNE |
