Belfast-based digital camera company Andor Technology has bought the assets of US company Photonic.
Andor is paying $5m (£3.25m) in cash and more than 156,000 Andor shares of 2p each. A further $2m may be paid if certain targets are met.
Photonic develops, manufactures and supplies of laser and lamp based illumination and ablation systems.
It business currently operates from two locations in the US, but manufacturing will switch to Andor's facility in Belfast within the first year. Sales will be managed from Andor's existing US hub in Connecticut. Photonic's existing management and founders will remain with the business.
Andor also said trading for the first six months of its financial year - which runs to September 30 this year - is anticipated to be ahead of expectations. It said it had benefited from a strong research performance and the weakness of sterling.
