G&H ACQUIRES US INFRARED LENS MANUFACTURER

Ilminster, 22 February 2017

Manufacturer of photonic components systems Gooch & Housego PLC, announces the Infrared lensesacquisition of StingRay Optics,  a market leading designer, manufacturer and supplier of world class custom optical assemblies.

Based in Keene, New Hampshire, StingRay is a specialist designer and manufacturer of high performance optical and opto-mechanical sub-systems for demanding defense and commercial applications.

StingRay was founded in 2004 and has established itself as a market leading designer, manufacturer and supplier of world class lenses across multiple wavelengths, including in the infrared – short-wave, mid-wave and long-wave. The business has a proven capability in providing system level optical products for use in harsh environments to defense customers. StingRay’s product range covers laboratory, ground based, airborne, unmanned aerial vehicle systems (UAVS) and space applications.

The acquisition of StingRay is aligned with G&H’s strategic objectives of moving up the value chain and further diversification into the aerospace & defense sector. Potential synergies include leveraging G&H’s greater reach through our global sales teams and our expertise in manufacturing infrared precision optics and specialist coatings.

Mark Webster, Chief Executive Officer of Gooch & Housego, commented:
“The acquisition of StingRay meets our strategic aims of moving up the value chain and diversifying the business through increasing our footprint in the aerospace & defense sector. It is a profitable and growing business in its own right, which has established an excellent reputation in the US Defense industry for the high quality of its custom optical assemblies. As part of the bigger G&H family we believe it will be able to fulfil its true potential by leveraging our greater reach and our complementary manufacturing and technical capabilities. We are very much looking forward to working with StingRay’s talented management and workforce.”