Equitech Buys Stake in CompSol USA

Equitech International  Corp., which supplies  in-line measurement UV-Vis spectrophotometers, has acquired 81% stake in CompSOL USA, a fast-growing,  engineering development company that specializes in the manufacturing of opto-electronic devices.

Equitech recently moved its manufacturing facility to Charlotte, where it shares a 25,000 ft² manufacturing facility with CompSOL and its affiliated partners M&M Technology and Optoniks. “This acquisition is in line with our long-term strategy of transforming Equitech into a producer of optical solutions for the management of industrial processes", said Dr. Jaime Gómez, Equitech's President & CEO.

CompSOL, established in 2013, designs engineering devices for consumer and industrial markets. CompSOL has resources and capabilities in optical, electronics and software engineering and more than 20-years experience in manufacturing PCBs and sophisticated opto-electronic devices. “We are delighted to become part of the Equitech family,” said Majid Babaie, CompSOL's CEO.

He added: “CompSOL has been working on the modernization of Equitech's UV-Vis spectroscopy products and will be commercializing several new products for in-line, real-time measurement of process variables through the Equitech brand.”

As a result of the acquisition, Equitech is repositioning the company as a producer of Optoelectronics Solutions for Process Management. “With the acquisition of CompSOL, Equitech has now diversified its product line and
thus, it becomes necessary to capture the capabilities the company offers to other industries and to the market,” said Dr. Jonathan Babaie, Equitech's dir. of technology.

Equitech manufactures optical solutions for process management that enable industries to lower their production costs, increase their yield, and enhance the quality of their products.