Gooch & Housego PLC
22 January 2008
For immediate release 22 January 2008
Gooch & Housego PLC goes global
22 January 2008 - San Jose, California - Gooch & Housego PLC (G&H) today
announced the launch of a new company that brings together five leading players
in the photonics industry under the Gooch & Housego brand name. The new
offering, launched at Photonics West 2008, will deliver a comprehensive
portfolio of customised optical components to the global industrial laser,
bio-medical, defence and metrology market places.
The launch will see Gooch & Housego UK, Cleveland Crystals, NEOS Technologies,
Landwehr Electronic and SIFAM Fibre Optics joined as one company with
headquarters in the UK and offices throughout North America, Europe and Asia.
The move comes exactly sixty years after Archie Gooch and Leslie Housego
collaborated to form a company that would emerge as a leader in precision optics
and crystalline materials.
'The launch of this new global offering is a hugely positive step for Gooch &
Housego, our customers and the industry,' said Gooch & Housego CEO, Gareth
Jones. 'It will enable us to enhance the products and service we offer and is
key to driving the next phase of growth of the business. Internally it will open
up new opportunities, including the creation of senior positions in North
America and the Asia Pacific region as we grow our global presence.
'As five different brand names, our companies have delivered the highest quality
optical solutions and have each become a major player in their respective
fields. Now, we have harnessed the offerings of each of these companies and
consolidated them with a reorganised management structure to operate under one
banner - Gooch & Housego.
'As well as seeing us meet the market demand for reduced supplier numbers and
simplified supply chains, our global integration as Gooch & Housego will enable
us to better leverage the combined skills from across the organisation to
develop new products that will enable us to enter new markets.
'We expect this new strategy to maximise sales across our customer base and
bring significant growth to the company,' concluded Gareth.
The integration involves five companies: Gooch & Housego UK, the world's leading
manufacturer of acousto-optic Q-switches; Cleveland Crystals, an expert in the
growth and application of non-linear crystals and a specialist in the
fabrication of large aperture KDP and KD*P optics; NEOS Technologies, a
manufacturer of complimentary acousto-optic technologies; Landwehr Electronic, a
designer and manufacturer of high-frequency microelectronics for laser control
systems; and SIFAM Fibre Optics, a specialist in the design, manufacture and
supply of fibre optic solutions.
Contacts:
Gareth Jones, Chief Executive 0151 513 9678
Tim Thompson, Buchanan Communications 020 7466 5000
Scott Richardson-Brown, Oriel Securities Ltd 020 7710 7600
Andrew Edwards, Oriel Securities Ltd 020 7710 7600
This information is provided by RNS
The company news service from the London Stock Exchange
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