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API gets hold of optoelectronic manufacturer

Posted: 24 Dec 2004 ?? ?Print Version ?Bookmark and Share

Keywords:photonic detectors? optoelectronic components? assemblies? silicon photodiode?

Advanced Photonix Inc. (API) has acquired the outstanding capital stock of Photonic Detectors Inc. (PDI). Based in Simi Valley, California, PDI develops and manufactures optoelectronic components and assemblies, specializing in high-performance silicon photodiodes.

Paul Ludwig, API's president, stated, "We are pleased to welcome PDI and its employees to the API family. The acquisition furthers our strategy to broaden API's customer base in our target markets, specifically the commercial, industrial, medical and military segments. PDI has a strong customer base and several growth initiatives that we will support with our full API resources. We look forward to welcoming the existing PDI customers into the Advanced Photonix family of customers."

Ludwig continued, "Additionally, this acquisition provides us the opportunity to increase our operating margins by leveraging our existing overhead with increased manufacturing volume. We will accomplish this through consolidation of the PDI product assembly into our existing assembly and wafer fabrication facilities."

API is a supplier of innovative, silicon-based electro-optical products and design solutions.

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