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Vermont Business Magazine Exaktera LLC of Boston, a Union Park Capital portfolio company, announced the acquisition of Rochester, Vermont-based Advanced Illumination Inc., a long-established designer and manufacturer of specialty LED lighting assemblies for machine vision, industrial imaging, and bio-drivers. Medical and related imaging applications. Terms of the transaction were not disclosed.
Advanced illumination state-of-the-art LED components, current-mode drivers and strobe sources, combined with optical and thermal design techniques enable factory automation and machine vision in a variety of industrial applications.
In the year Established in 1993, Advanced Illumination has partnered with industry leading integrators, distributors and OEMs to address the lighting needs of end users and solve their most challenging advanced lighting challenges.
“We are thrilled to have Advanced Illumination join the Exaktera family,” said Phil Martin, CEO, Exaktera. “The company’s product portfolio of specialized LED solutions and expertise in machine vision complements Ekthera’s existing capabilities greatly. Their technical leadership and deep application knowledge will strengthen our overall capabilities and enable us to better serve our customers.”
John Tarakill will continue in his key leadership role as President of Greater Light. “The transaction is a great opportunity for Advanced Illumination and its employees to grow to the next level by leveraging the global resources under the Exaktera umbrella. At Exaktera, we have found a great home to ensure future success,” added Mr. Tarakil. “The combination of products, technical resources and global sales will greatly enhance the value we can provide to our customers and ensure we continue to solve the most demanding machine vision illumination challenges.”
About Advanced Illumination Inc.
Advanced Lighting was founded in 1993 and is headquartered in Rochester, Vermont. The company provides a complete lighting solution to its customers’ unique lighting requirements. With extensive experience in designing and manufacturing LED solutions, Advanced Illumination has developed the expertise to solve the most difficult lighting challenges for its customers. For more information, visit www.advancedillumination.com.
About Exaktera LLC
A Union Park Capital portfolio company, Exaktera focuses on critical components that define precision performance for OEMs. Exaktera’s premium brands are used across a wide range of applications and end markets to enable the ever-increasing demand for machine vision, automation and improvements in efficiency, productivity and safety. More information can be found by visiting www.exaktera.com.
About Union Park Capital
Union Park Capital is a private equity firm focused on lower middle market industrial technology companies. Union Park takes a long-term view to help stakeholders build value over time and grow the business profitably, not through financial engineering. Union Park Capital is based in Boston, MA and has extensive investments and expertise in the industrial technology sector. For more information, visit www.union-park.com.
Source BOSTON , Sept. 6, 2022 /PRNewswire/ — Exaktera LLC
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