FISBA has entered into an agreement to acquire Gray Optics, deepening and expanding its engineering and development capabilities in North America.
“The acquisition of Gray Optics further enables the expansion of FISBA in North America, leveraging our experience and capabilities in high precision engineered optical systems in our core markets,” said Markus Hersche, CEO of FISBA AG. “The combined team will further enable our customers to accelerate development and product solutions in Medical Technologies, Advanced Manufacturing, and Defense & Security”
The acquisition of Gray Optics fits into FISBA’s strategy to provide unique photonic solutions directed at improving Health, Productivity and Security. By purchasing Gray Optics, FISBA expands engineering and development skills in North America. This furthers FISBA’s global goals and provides customers with highly skilled local development resources, reducing the distance, time, and cultural impacts of programs.
“We expect this acquisition to have an immediate impact on our customers, offering vertically integrated product development and manufacturing capabilities (including AS9100 and ISO13485 production sites) and advanced production technologies to produce the highest quality and highest performance solutions available.” Said Wallace Latimer, President of FISBA North America.
“The combined capabilities of FISBA and Gray Optics along with the existing synergies between the companies, offer fantastic value to our customers. This acquisition completes the product development and manufacturing capabilities that we have been building for the past 5 years in the USA. I’m excited for the future of our team at Gray Optics and the success of the combined companies” said Dan Gray, Founder and President of Gray Optics.