Excelitas Technologies acquired by AEA Investors

Excelitas Technologies Corp. has been acquired by funds sponsored by AEA Investors LP. Formerly owned by Veritas Capital Fund Management since November 2010, Excelitas Technologies offers photonic products and solutions to meet lighting, optical, and detection requirements of customers worldwide in biomedical, semiconductor, industrial sensing & imaging, defense, and aerospace markets. AEA Investors manages funds that have approximately $10 billion of invested and committed capital and AEA Private Equity invests across four sectors: value added industrial products, specialty chemicals, consumer/retail, and services. Financial terms of the acquisition were not disclosed.

“AEA Investors is an experienced investor in the industrial technology sector with a strong track record of successful investments,” said David Nislick, CEO of Excelitas. “Their focus on facilitating the growth of companies like Excelitas makes AEA the ideal partner to help capitalize on our growing market opportunities as we continue delivering innovative photonics technologies to our customers.”

Excelitas will remain headquartered in Waltham, Massachusetts, and retain its corporate identity and brands. Excelitas Technologies acquired Qioptiq in 2013 and now has approximately 6,000 employees in North America, Europe, and Asia.

AEA Investors LP was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a group with substantial assets. AEA’s active individual investors include more than 75 of the world’s leading industrial families, business executives, and former government leaders. Today, AEA’s approximately 60 investment professionals operate globally with offices in New York, Connecticut, London, Munich, and Shanghai.