G&H acquires Gould Fiber Optics to provide enhanced access to US Aerospace & Defence customersIlminster, 6 September 2018
Gooch & Housego announces that it has acquired US fiber optic components and sub systems specialist Gould Fiber Optics. This acquisition strengthens G&H’s position as the world leader in fused fiber optic technology and provides enhanced access to strategic US Aerospace & Defence customers.
Founded in 1978 and headquartered in Baltimore, MD, USA, Gould Fiber Optics is a market leading supplier of key enabling components into tier 1 US Aerospace and Defense customers.The Gould product range is highly complementary to that of G&H. Whilst G&H is the leading manufacturer of high reliability undersea fused fiber optic components, together with a strong presence in the life sciences and fiber laser markets, Gould specialises in the supply of polarisation maintaining fiber components to the US defence market.
This acquisition enables G&H to take another step towards meeting its strategic objective of further diversification in its core markets. GFO brings the technology and routes to market required for G&H to access the US Aerospace and Defence fiber optic market, an area that had previously been largely denied to the Company, due to International Trade in Arms (ITAR) regulations. In turn G&H’s much larger US sales and business development resources and the combined broader based product portfolio should provide the platform for greater expansion within this sector.
Mark Webster, G&H CEO, commented:“This acquisition enables us to take another step towards diversifying our business, allows G&H access to previously restricted markets, as well as reducing, still further, the Company’s dependency on what remains a cyclical micro-electronics sector. Gould Fiber Optics is a high quality business, with a long standing tier 1 Aerospace and Defence customer base, complementary technology and a strong financial track record. We are very much looking forward to working with Gould, management, staff and customers.”