Navitar to acquire optics company Hyperion Development

Navitar, Inc. has signed a definitive agreement to acquire Hyperion Development, LLC, a design firm and manufacturer of custom optical assemblies and OEM solutions.

Navitar owners, Jeremy and Julian Goldstein commented on the deal, which is expected to close by the end of the first quarter: "We are very excited to welcome everyone at Hyperion Development into the Navitar family. This transaction brings together two industry leaders and creates an optical design powerhouse. We will be operating out of four engineering, design, and production facilities located in San Ramon, CA, Woburn, MA, Denville, NJ and Rochester, NY."

Hyperion Development has developed such technologies as a Deep Ultraviolet (DUV) and Extreme Ultraviolet (EUV) semiconductor lithography systems. The company’s optical systems range from ultraprecision microscope objectives, high volume electronic imaging lenses, cine prime lenses, mobile medical solutions, and infrared (IR) solutions for aerospace, defense, and photonics applications.

In 2014, Hyperion Development expanded, after acquiring AMF Optics and American Diamond Turning, LLC. The newly consolidated company, AMF Optics, LLC, is located in Woburn, MA, USA This ITAR registered, ISO 9000 certified facility, will continue to provide diamond-turned optical components and infrared lens assemblies. All personnel at each company will be maintained and current facilities will remain in place.

Michael Thomas, co‐founder of Hyperion, sees the deal as an opportunity to expand the company’s production capabilities thus moving their client’s products to market faster. Additionally, Hyperion co-founder Russ Hudyma notes that: "Navitar’s international presence and vertical integration will enable the team to reach more customers, speed up the design and prototyping process, and ensure our best in class solutions reach our customers on time and on budget."

View more information on Navitar.
View more information on Hyperion Development.

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