On April 11, 2023, Photonis announced that it entered into an agreement to acquire Telops. Through this acquisition, Photonis plans to expand their technical expertise with the addition of hyperspectral capabilities to their portfolio. The combined business will offer unique high-end imaging products to clients. The transaction is expected to be finalized in the coming weeks. Terms of the transaction are not being disclosed and are pending customary clearances and approvals.
Photonis Group creates highly differentiated technology for industrial markets.
Telops, based in Québec City is an infrared imaging company that manufactures high-performance hyperspectral imaging systems and infrared cameras for research labs and international customers.
Osler, Hoskin & Harcourt LLP advised Photonis Group with a led by team Hugo-Pierre Gagnon and Shahir Guindi consisting of Daniel Stysis (Corporate), Michelle Lally, Chelsea Rubin (Competition & Antitrust), Sam Ip, Araslan Ahmed (Technology), Julien Ranger, Jeremy Perron (Employment & Benefits), Alain Fournier and Jean-Philippe Dionne (Tax).