Volcano to acquire Axsun

AuntMinnie.com staff writers

Jan 5, 2009

Intravascular ultrasound developer Volcano has signed a definitive agreement to acquire optical coherence tomography (OCT) developer Axsun Technologies.

Billerica, MA-based Axsun develops and manufactures lasers and optical engines used in medical OCT imaging systems and advanced photonic components and subsystems used in other industrial applications, according to Volcano of San Diego. Under the terms of the deal, Volcano will pay approximately $21.5 million in cash for Axsun, which will operate as a wholly owned subsidiary of Volcano.

Related Reading

Volcano launches new products, October 16, 2008

Volcano acquires Novelis for $12 million, May 20, 2008

Volcano reaches milestone, May 13, 2008

Volcano launches new products, March 31, 2008

Volcano to buy CardioSpectra, December 13, 2007

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