http://www.stockmarketwire.com/article/5376983/Gooch-Housego-completes-2-acquisitions.html

"... G&H has also acquired the trade and assets of Alfalight Inc , a Madison, Wisconsin based designer and manufacturer of high reliability, laser based, electro-optic systems for defence and security applications. Founded in 1999, Alfalight has established itself as an expert in diode and diode pumped solid state lasers and is designed into a number of long-term contracts for the defence sector in the USA. Alfalight is highly complementary to G&H's existing Boston, Massachusetts, business and will be incorporated into this business unit. G&H will benefit from this acquisition through its deep ties with key defence customers, which will further the Company's strategic objective of diversification into the Aerospace & Defence sector. The gross consideration paid by G&H was $1.3 million, in cash, funded from existing cash and debt facilities at completion.

Chief executive Mark Webster said: "These acquisitions meet our strategic aims of moving up the value chain and diversification through increasing our footprint in the Aerospace & Defence sector.

"Kent is a well established business with an impressive list of international blue chip customers. We believe that G&H will enable this business to fulfil its true potential through leveraging our greater global reach and our complementary technological capabilities.

"Alfalight's expertise in diode lasers in the US defence sector is an excellent fit for our Boston business and will enable it to establish a critical mass in this marketplace."