Newport Corporation Buys V-Gen Ltd.

Irvine-basd Newport Corporation, which develops optical components, lasers, photonics, and other equipment, said last week that it has acquired Israeli laser company V-Gen Ltd.. Financial terms of the buy were not disclosed. Newport Corporation said that V-Gen Ltd. is a developer of fiber lasers, and has approximately 50 employees worldwide. The deal is expected to add $15M to $20M in sales over the next twelve months.