Netzer Precision Position Sensors was acquired By Ricor Cryogenic & Vacuum Systems – A world-leading designer and manufacturer of Cryogenic coolers.
Ricor’s products are widely used in high-performance IR detectors.
The acquisition reflects high confidence in the companies’ technology, current, and future products so as financial stability.
A quote from Ricor’s announcement to its shareholders:
“We are very proud and excited to have Netzer absolute electric encoders in our product portfolio. For Ricor, a world leader in Cryogenic coolers for IR detectors, this acquisition is a significant growth engine close to our technological environment. While benefiting from internal synergies, we understand the marketing uniqueness of each product line. We believe that Netzer technology has some significant advantages over other encoder technologies and expect a sustainable double-digit growth in the coming years”.