Leonardo to purchase Daylight Solutions
Leonardo is set to purchase Daylight Solutions through its US subsidiary Leonardo DRS, with a signed definitive agreement announced on 7 March.
Daylight Solutions develops and supplies quantum cascade laser products and technology. The integration of its research and products in this area with Leonardo DRS' business will create solutions for a variety of dual-use applications, including aircraft survivability products and medical and industrial applications, including imaging for cancer diagnostics and chemical detection.
Mauro Moretti Leonardo CEO and general manager, said: 'Acquisition of Daylight Solutions is a first significant step forward towards the objectives of growth and development of the Industrial Plan 2017-2021. This acquisition will allow Leonardo DRS to extend the range of advanced solutions to civil and military customers around the world, integrating the Daylight Solutions laser technology in the core business of electro-optical and infrared sensors and systems.'
Bill Lynn, CEO of Leonardo DRS, added: 'With this acquisition, Leonardo DRS reinforces its commitment to remain at the forefront of infrared technology to not only protect our men and women in uniform but also to perform critical tasks across a range of industries, including medical and industrial applications.'
Following the closing of the transaction, which is subject to a number of conditions, Daylight Solutions will be one of eight Leonardo DRS lines of business.
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