Luxium Solutions Expands Offerings with Acquisition of PLX

Posted  by GoPhotonics

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Luxium Solutions, a worldwide technology leader and provider of high-performance crystals used in photonics and radiation detection applications, has entered into an agreement to acquire PLX, a leader and innovator in monolithic optics from an investor group led by Tinicum. The addition of PLX broadens Luxium’s offering of Detection Enabling Technologies by enhancing its suite of photonics assembly solutions which are complemented with high-end optical engineering and design services. PLX is Luxium’s first acquisition since its 2022 investment by investment funds affiliated with SK Capital Partners, and Edgewater Capital Partners, both private investment firms focused on the specialty materials and chemicals sectors.

Headquartered in Deer Park, New York, PLX is a leading designer and manufacturer of high-precision optical assemblies and products for the defense and aerospace sectors as well as other industries. PLX’s solutions are deployed in a range of harsh environments and high-end applications where structural integrity and accuracy over time are critical, such as Military Fire Control Systems, Bore sighting, Beam Alignment and Delivery Systems, Laser Tracking, Environmental Monitoring, Metrology, and Satellite Ranging. PLX’s proprietary and patented Monolithic Optical Structure Technology (M.O.S.T.TM) integrates complex optical elements into compact monolithic structures, achieving exceptional accuracy and stability under severe environmental conditions.

“We are thrilled to partner with PLX’s experienced team of technical experts, believing the acquisition will greatly enhance the value and breadth of solutions we can offer to our customers,” said Michael Cahill, CEO of Luxium Solutions. “Both Luxium and PLX bring complementary technical expertise in applied material sciences to enable the applications of our customers. The partnership represents a step change in the expanded scope of offerings to the demanding needs of our customers. The PLX team is comprised of renowned experts in light manipulation and laser tracking and beam alignment, bringing a wealth of knowledge in optomechanical engineering and systems integration expertise which is supported with a portfolio of intellectual property.”

“We believe Luxium is the right partner for PLX in its next phase of growth. Luxium and PLX share a strong alignment in their go-to-market strategies emphasizing collaboration with customers to develop customized solutions. Furthermore, it’s clear that both companies share common values grounded in scientific excellence, quality, and customer satisfaction,” said Itai Vishnia, CEO of PLX, who will continue to lead the PLX group within the Luxium portfolio.

“The PLX partnership progresses our vision of broadening Luxium’s detection enabling technologies offering. Both companies are true market leaders and experts in enabling mission critical applications with material science-based solutions. We look forward to continuing to build and broaden our solution offering and stellar scientific foundation,” said Mario Toukan, Managing Director of SK Capital Partners

Latham & Watkins LLP acted as legal counsel to Luxium Solutions LLC. Debt financing was provided by KeyBanc Capital Markets. PLX was advised by CriticalPoint Partners, LLC (lead financial advisor) and Goodwin Procter LLP (legal counsel). Tinicum was advised by Citizens Capital Markets, Inc. (financial advisor).

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