Newport Corp. Completes Acquisition of ILX - Caps $269 Million of Acquisitions Over Last 6 Months

On 17-Jan-12, Newport Corporation (NASDAQ: NEWP) announced its completion of ILX Lightwave Corporation (ILX). ILX was purchased for $9.3 million in cash and is the third acquisition for NEWP since 29-Jul-11. Newport’s Dec-11 acquisition of Ophir Optronics was its largest at $242 million. Before its 29-Jul-11 purchase of High Q Technologies for $17 million, NEWP’s only other acquisition in the past five years was that of Oclaro, Inc.’s “New Focus” business for $14 million in Jul-09. In the past five years, NEWP has totaled $283 million in acquisitions. NEWP’s market cap as of the date of the ILX purchase was just under $635 million.