Industry Headlines

Newport to Sell Metrology Business

Newport Corp. (Irvine, CA) has announced that it intends to sell the majority of its Industrial Metrology Systems Div. The division will be sold in two transactions to separate buyers.

In the first transaction, Newport signed an agreement to sell the contact metrology section piece of the metrology business -- primarily related to its CEJohansson subsidiary -- to Hexagon AB (Nacka Strand, Sweden). Hexagon, a multinational engineering company, is parent company of Brown and Sharpe (North Kingstown, RI). Newport is in negotiations to sell its U.S.-based noncontact business to a separate buyer.

"A key growth strategy of our company has been to expand Newport's product portfolio and services in order to become a leading single-source supplier of test, measurement and automation solutions to the fiber optic communications and semiconductor equipment markets," says Robert G. Deuster, Newport's chairman and chief executive officer. "Divesting our metrology business, which primarily serves end markets outside of our strategic focus, will allow us to more aggressively deploy Newport's resources to those areas that hold the greatest growth potential for our company."

According to Deuster, the structure of the transactions will allow Newport to retain rights to certain visual inspection and metrology technology. That, in combination with recent acquisitions that have enhanced the company's overall vision technology portfolio, will enable Newport to maintain the expertise in visual inspection and metrology technology that it needs to pursue its strategic markets, Deuster concludes.

Did you enjoy this article? Click here to subscribe to Quality Magazine. 

You must login or register in order to post a comment.

Multimedia

Videos

Podcasts

Karen Spencer, Clinkenbeard's quality manager, discusses what makes the plant stand out, advice for other plants, and looks to the future.
More Podcasts

Quality Magazine

CoverImage

2015 May

The May 2015 edition of Quality Magazine includes articles on cloud technologies, depth gages, ISO 9001, digital inspection and cool new products.

Table Of Contents Subscribe

Topics to Talk About

What topics would you like to see Quality cover more?
View Results Poll Archive

Clear Seas Research

qcast_ClearSeas_logo.gifWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

STAY CONNECTED

Facebook2015_40 twitter_40px.png  youtube_40px.pnglinkedin_40px.png  GooglePlus_40

eNewsletters