Specialist manufacturer agrees sale of an American business
Specialist manufacturer Gooch & Housego has sold an American business for $12m (£9.4m).
Boston-based EM4 manufactures optoelectronic components and laser modules, mainly for the US aerospace and defence market.
It has been acquired by an unnamed "US-based global technology company".
Charlie Peppiatt, chief executive of Gooch and Housego, said the sale was "an important milestone" for the group as it focuses on delivering sustainable margin growth.
EM4 made a pre-tax loss of £0.7m in the year to September 2023, and ge... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
