Luna Innovations Acquires OptaSense
Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, today announced it has acquired OptaSense Holdings, Ltd. (OptaSense), a QinetiQ company (LON: QQ), for 29 million British Pounds in cash.
- Luna Innovations Incorporated (NASDAQ: LUNA), a global leader in advanced optical technology, today announced it has acquired OptaSense Holdings, Ltd. (OptaSense), a QinetiQ company (LON: QQ), for 29 million British Pounds in cash.
- "With the combination of Luna and OptaSense, we are bringing together businesses with strong adjacencies and a large, combined opportunity.
- OptaSense will become a fully owned subsidiary of Luna Innovations Incorporated, while continuing to operate under its existing brand for the foreseeable future, and OptaSense employees will remain within the company, with offices in the United Kingdom, Dubai, the United States and Canada.
- Luna expects that this transformative acquisition will:
Provide Luna with important Distributed Acoustic Sensing (DAS) intellectual property, products and expertise.