Rome - Leonardo, via its US subsidiary Leonardo DRS, has signed a definitive agreement to purchase Daylight Solutions, Inc., a leading developer and supplier of quantum cascade laser products and technology. Leonardo DRS will pay 150 million dollars to acquire 100 percent of Daylight Solutions' share capital.
The price includes an earn-out to be paid to Daylight Solutions' shareholders upon the fulfilment of given financial and operational goals set up for 2017.
Mauro Moretti, Leonardo CEO and General Manager declared: "The acquisition of Daylight Solutions is a first significant step forward towards the achievement of the objectives of growth and development of the Industrial Plan 2017-2021. This acquisition will allow Leonardo DRS to extend the range of advanced solutions to civil and military customers around the world, integrating the Daylight Solutions laser technology in the core business of electro-optical and infrared sensors and systems."