IN BRIEF: Gooch & Housego acquires Phoenix Optical for GBP6.8 million
Gooch & Housego PLC - Somerset, England-based photonics components and systems manufacturer - Aquires optical component manufacturer, Phoenix Optical, for a total consideration of up to GBP6.8 million, comprising of an initial cash consideration of up to GBP3.4 million plus additional considerations of up to GBP3.4 million dependent on Phoenix's performance over the next three years. Gooch & Housego says the acquisition will accelerate its reach in the UK and European aerospace and defence markets. Read More