Industry Headlines

Newport to Sell Metrology Business

May 8, 2003
/ Print / Reprints /
ShareMore
/ Text Size+
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

 In honor of World Quality Month, we spoke to James Rooney, ASQ Past Chairman of the Board of Directors 2013, for his take on quality around the world.
For more information, read the ASQ Speaking of Quality column.
More Podcasts

Quality Magazine

CoverImage

2014 July

Check out the July 2014 edition of Quality Magazine for features!

Table Of Contents Subscribe

The Biggest Obstacle/Concern?

In the current economic and business climate, what is the biggest obstacle/concern to your job?
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.

eNewsletters

STAY CONNECTED

facebook_40.png twitter_40px.png  youtube_40px.pnglinkedin_40px.png