Oxxius Announces the Strategic Acquisition of US-Based Company 89 North
Oxxius today announced the acquisition of Company 89 North, a US expert in the development of advanced laser-based illumination and imaging systems.
Oxxius CEO Thierry Georges
and Chroma Technology CEO Newell Lessell
A Transformational Acquisition Supporting an Ambitious Growth Strategy
This transaction marks a major milestone in Oxxius’s international growth strategy. It is expected to increase global revenue as early as next year, enabling the company to reach a new scale that enhances its visibility. It will aslo strengthen competitiveness through the exchange of expertise between the teams of both organizations.
By integrating 89 North’s technology and know-how, Oxxius will expand its offering, particularly its laser combiner portfolio, to better meet customer needs across multiple markets, with a strong focus on life sciences.
Geographic Synergies: Strengthened Global Reach
The acquisition will enable tangible geographic synergies:
- Oxxius will gain an operational and commercial presence in the United States to better support customers across North America, one of the industry’s most dynamic markets.
- 89 North will leverage Oxxius’s established presence and network to accelerate growth in European and Asian markets in particular.
Technology Synergies to Serve the Full Spectrum of Life Science Stakeholders
Integrating 89 North’s high-power diode laser illuminators will significantly strengthen Oxxius’s competitiveness, especially in microscopy markets. Oxxius will thus be positioned to address the needs of all stakeholders in the sector, from standard applications to the most demanding configurations.
“This acquisition represents a major step forward for our company,” said Thierry Georges, Oxxius President and CTO. “89 North’s solutions are an excellent fit with our portfolio. They will enhance our innovation capabilities while providing us with a strategically important local presence in the United States and providing a European presence for 89 North as well. This transaction also accelerates our next stage of growth, increases our visibility and strengthens our competitiveness for the long term.” he continues.
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Press Release – Oxxius Announces the Strategic Acquisition of US-Based Company 89 North
