Navitar Enters into Definitive Agreement to Acquire Hyperion Development
ROCHESTER, NY — Navitar Inc. a USA‐based manufacturer of precision optics and imaging system components, has signed a definitive agreement to acquire Hyperion Development LLC, a design firm and manufacturer of custom optical assemblies and OEM solutions.
The companies expect the deal to close by the end of the first quarter. Navitar owners Jeremy and Julian Goldstein comment, “We are very excited to welcome everyone at Hyperion Development into the Navitar family. This transaction brings together two industry leaders and creates an optical design powerhouse. We will be operating out of four engineering, design, and production facilities located in San Ramon, Calif., Woburn, Mass., Denville, N.J. and Rochester, N.Y.”