Home / Industry / Manufacturing / Navitar agrees to acquire Massachusetts company

Navitar agrees to acquire Massachusetts company

Henrietta-based Navitar Inc. has signed a definitive agreement to acquire Hyperion Development LLC for an undisclosed sum.

Both companies expect the deal to close by the end of the first quarter. When complete, the combined company will sell to more than 45 countries around the world, the firms reported.

Hyperion, based in Massachusetts, is a design firm and manufacturer of custom optical assemblies. Navitar Inc. designs, develops and manufactures precision optical and electro‐optical products.

In a joint statement, Navitar owners Jeremy and Julian Goldstein said the company will operate out of four engineering, design and production facilities in San Ramon, Calif.; Woburn, Mass.; Denville, N.J. and Henrietta.

All personnel at each company will be maintained and current facilities will remain in place, officials said.

(c) 2016 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail rbj@rbj.net.


Check Also

An $8.2 million recapitalization of Hickey Freeman will create a new product line and add 80 jobs to the Rochester workforce (photo by Kevin Oklobzija).

Hickey Freeman, with state investment of $4M, adding 80 jobs, new apparel brand (access required)

Hickey Freeman, the iconic Rochester men's clothier, received an $8.2 million birthday present on Wednesday that company executives and government ...

Bergmann has been awarded a three-year contract by the New York State Office of General Services. Bergmann's design team has done work on state projects for more than 20 years, including roof replacement and exterior stair rehabilitation at the historic Empire State Plaza in Albany (provided photo).

Bergmann awarded state design contract (access required)

Bergmann, the Rochester-based architecture, engineering and planning firm, has been awarded a three-year contract to provide design services to the ...