by Lance Turner
Posted 1/30/2013 01:34 pm
Updated 1 year ago
Power Technology Inc. of Little Rock said Wednesdsay that it has acquired Klastech GmbH, a German company that makes advanced diode pumped solid state lasers for metrology, holography, bio-fluorescence, Raman spectroscopy and semiconductor inspection applications.
"The addition of Klastech allows Power Technology to provide advanced, cutting edge, laser solutions to our customers," Walter Burgess, an owner and vice president at Power Technology, said in a news release. "We are excited not only about the great products Klastech adds, but also the extensive innovative laser knowledge the Klastech team adds to Power Technology."
The companies did not disclose a purchase price.
Power Technology, an Innovate Arkansas client firm, said it will retain the Klastech organization in its entirety and will be working over the next several months to integrate the company's products and employees. Production and sales of the Klastech laser line will continue in Klastech's Dortmund, Germany headquarters.
"Becoming part of Power Technology is a major step forward in Klastech's development as it continues to enhance its reputation as a leading German single frequency DPSS laser manufacturer," Christopher J. Madin, Klastech's CEO, said. "Power Technology is a well respected, long standing laser manufacturer of cutting edge diode laser solutions. Klastech's proprietary iMAT DPSS laser technology will add a new dimension to the already extensive PTI product portfolio."
Founded in 1969 by Thomas Burgess on his kitchen table, Power Technology has grown from a home-based business into an international enterprise.
The company, now led by Burgess' twin sons Walter and William, designs and makes laser diode products for analytical, biomedical, industrial and machine vision applications for use in products by original equipment manufacturers.
Products by the company, which was a winner in the 2008 Arkansas Business of the Year Awards, has helped equip deep-sea explorers as well as astronauts on shuttle missions. Power Technology products also are used to help detect trace gases with applications that include finding explosives or preventing oil rig fires.
In recent years, the firm has seen a surge in military-related laser projects for testing air-to-surface missiles and modernizing weapons system targeting for aircraft.
Among the commercial applications for Power Technology's laser-related products are inspecting semiconductors, scanning bar codes and in the biomedical market, aiding surgery procedures, analysizing DNA and detecting cancer.
Video: Below, William and Walter Burgess and their father, Thomas, accept the 2008 Arkansas Business of the Year Award for Category II.