Axsun Technologies announces acquisition and growth capital investment by Anzu Partners
Summary
BILLERICA, Mass., Oct. 19, 2015 /PRNewswire/ -- Axsun Technologies announced that it has been successfully divested from Volcano Corporation, a subsidiary of Royal Philips, and acquired by Anzu Partners, an investment firm based in Washington DC. Peter Whitney will continue as Chief Science Officer and VP of Engineering, leading technology and product development. We will use this new investment and independence to develop the next generation of optical engines for use in Medical, Industrial, and Telecom applications," commented Hartmann. "Over the past year, Axsun Technologies has focused on significant manufacturing process improvements, and the new investment will enable ground-breaking product enhancements. As an independent company, Axsun will continue its leadership position in producing high-performance, compact optical engines for medical imaging, industrial analyzers, and telecommunications," added Peter Whitney.