Electro Scientific Industries To Buy Topwin Optoelectronics

(RTTNews) - Electro Scientific Industries, Inc. (ESIO) said Thursday that it has agreed to buy Wuhan Topwin Optoelectronics Technology Co., Ltd.

The acquisition brings together the deep technology expertise in laser microfabrication from Electro Scientific Industries, and one of the fastest growing, innovative laser design and manufacturing systems companies in China.

Topwin brings a solid portfolio of mid-range laser technology products that serve the needs of the consumer electronics industry in ITO patterning, PCB cutting, precision welding, and a variety of marking and cutting applications. Designed in China for the China market, these products deliver excellent capability in a low-cost platform. Topwin is located in Wuhan, Hubei Province, China.

The deal is expected to close in the first calendar quarter of 2015.