Billerica, MA-based GSI Group (NASDAQ: [[ticker:GSIG]]) announced today that it will buy Excel Technology, (NASDAQ: [[ticker:XLTC]]) of East Setauket, NY, for $360 million in cash. Both companies produce lasers and laser systems and have operations in numerous locations around the world.
Author: Erik Mellgren
Erik Mellgren is a Swedish journalist who worked for Xconomy Boston in 2008 as part of the Stanford Innovation Journalism Fellowship program. He is a 26-year veteran of Ny Teknik, a leading technology and innovation magazine in Sweden.
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