Telescope Manufacturer Acquired
From a Times Staff Writer
Celestron International Corp., a privately owned telescope maker, said Wednesday it had been acquired by an affiliate of Taiwan-based optics maker Synta Technology Corp.
Terms of the deal weren’t disclosed.
No layoffs are planned at Celestron’s headquarters and manufacturing facility in Torrance, where the company employs about 100 people, a Celestron spokeswoman said.
The company, which had 2004 revenue of $28 million, will also retain its senior management.
Industry leader Meade Instruments Corp. of Irvine twice had sought to acquire No. 2 Celestron but was blocked by the Federal Trade Commission, which reportedly feared such a deal would eliminate competition in the market for high-performance, portable Schmidt-Cassegrain telescopes.
