SCD, an Israeli firm jointly owned by Elbit Systems and Rafael, has completed its acquisition of US company Quantum Imaging, business newspaper ‘Globes’ reported.
SCD develops advanced detectors that improve the performance of night vision systems used by both military and civilian entities. Quantum Imaging develops and manufactures cameras and night vision devices, and SCD was its main supplier of detectors for many years.
SCD has 500 employees and its annual sales to the defense and civilian markets are believed to be $150-200 million.
Quoting SCD CEO Dan Slasky, ‘Globes’ said that the decision to acquire the US company had been taken within the framework of SCD's preparations for expanding in the both the defense and civilian markets in the US, with autonomous vehicles and unmanned aerial vehicles (UAVs) being marked as targets.
Slasky was quoted as saying, "Quantum Imaging's customers in the US also include leading defense companies, which use its products in various development plans at the level of the soldier in the field, armored fighting vehicles (AFVs)and airborne systems."