Although 2023 M&A activity was down from the high level of 2021, there are some signs that M&A activity in 2024 is picking up. We believe that the M&A market in the Photonics space is also likely to rebound this year.

Some of the more notable Photonics transactions in the first quarter of 2024 include:

Keysight Technologies, a US-based company that provides electronic design and test solutions, outbid Viavi Solutions to acquire Spirent Communications.


FOCUS Investment Banking has targeted Photonics as a core practice area.  FOCUS is a national middle market investment banking firm with offices in major cities across the United States.  We would be happy to schedule a call to give you our perspective on the current M&A market in your industry.

Brent Costello, a FOCUS Senior Advisor, has more than 30 years experience as an investment banker and mergers and acquisition and corporate finance lawyer. He has represented a wide range of clients in cross-border and domestic transactions, including small to mid-capitalization enterprises and public and private companies that also include family-owned entities. His clients represent various industries, including manufacturing and distribution, pharmaceutical, entertainment, aerospace, information systems, publishing, insurance, and hi-tech.