Steatite’s parent company, Solid State Plc, has acquired optoelectronics and displays specialist Pacer Technologies Ltd.
Solid State’s 10th acquisition significantly enhances the company’s exposure to the niche medical sector, and will give the group greater scale, strength and depth in a number of high growth markets.
This will enable the enlarged group to further design and manufacture own brand products for distribution, utilising Pacer’s recent investment in a new value-added production facility in Weymouth, Dorset. Pacer also has an established US subsidiary which opens up Solid State’s access to the US market.
Pacer was established in 1989 to specialise in the distribution and custom design of optoelectronic components, lasers and displays to the OEM market in the medical, military, commercial, industrial and security sectors. Serving an international client base, Pacer has a reputation for supplying high quality components in a customer-centric manner, often involving custom design and manufacturing to address individual needs.