Sharing in Growth beneficiary Gooch & Housego has acquired US fibre optic components and sub systems specialist Gould Fiber Optics. This acquisition strengthens G&H’s position as the world leader in fused fibre optic technology and provides enhanced access to strategic US aerospace and defence customers.
Headquartered in Baltimore, USA, Gould Fiber Optics is a leading supplier into US aerospace and defence first tier customers.The Gould product range is highly complementary to that of G&H. G&H is a leading manufacturer of high reliability undersea fused fibre optic components, with a strong presence in the life sciences and fibre laser markets, Gould specialises in the supply of polarisation maintaining fibre 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.
Gould Fiber Optics 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, said:“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.”