AEA Investors is considering options for Excelitas Technologies Corp. including a sale that could value the laser and sensor manufacturer at more than $3.5 billion, according to people familiar with the matter.
The private equity firm is working with advisers to look at strategic options for Waltham, Massachusetts-based Excelitas, said the people, who asked not to be identified because they weren’t authorized to speak publicly. The company is expected to attract interest from industrial peers and private equity firms, the people said. No final decision has been made and AEA could elect to keep the business, the people said.
A representative for AEA declined to comment, while a representative for Excelitas didn’t immediately respond to requests seeking comment.
Source: Bloomberg
By Kiel Porter
