Gooch & Housego acquires precision optics business
Specialist manufacturer Gooch & Housego has acquired precision optics business Phoenix Optical in a deal worth up to £6.75m.
The deal extends Gooch & Housego's capabilities in its aerospace and defence markets and creates new opportunities for the cross-selling of the combined capabilities.
Phoenix, based in St Asaph in north Wales, supplies polished, coated and assembled precision optics to customers around the world. It generated earnings of £0.4m, as measured by EDITDA, on revenue of £6.6m in the year to June.
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