Excelitas signs agreement to acquire Luxium Solutions
Pittsburgh-based Excelitas has signed a definitive agreement to acquire Luxium Solutions, a company focused on high-performance materials, substrates, components, and assemblies, headquartered in Hiram, Ohio.
Closing is planned for late 2025 or early 2026, subject to certain customary and regulatory conditions. This acquisition would represent the seventh completed transaction by Excelitas since 2017, building on the momentum of the Noblelight acquisition in January 2024.
“Luxium brings a highly differentiated asset of scale with a strong reputation for technical excellence and customer trust to Excelitas. Luxium aligns with our strategy to increase our presence in targeted high-growth end markets, while also enhancing our capabilities in advanced optical technologies,” says Ron Keating, CEO of Excelitas, in a press release.
This acquisition represents a step forward in Excelitas’ growth strategy.
“Luxium has undergone an accelerated systematic transformation with the continued support of SK Capital and Edgewater Capital,” says Michael Cahill, CEO of Luxium Solutions. “During this period, we acquired PLX and Inrad Optics, expanded our footprint in India, and streamlined our operations. In parallel, we have invested in manufacturing improvements with the mission of better servicing our customers. We are excited to join the Excelitas platform, which is well-aligned with our markets, customers, engineering development processes, and global business infrastructure.”
