Solid State adds optoelectronics with Pacer acquisition

Component distributor, and manufacturer, Solid State has bought optoelectronic component company, Pacer. Solid State is reported to have paid $3.7million for Pacer, which has offices in Pangbourne and Weymouth in the UK and a US subsidiary in Florida.

Founded in 1971, Solid State manufactures computing, power and communications products in addition to component distribution. Pacer will bring custom design and increase scope for design and manufacture for opto components, lasers and displays, using the new production facility in Weymouth, Dorset.

Solid State’s chief executive Gary Marsh said the acquisition will complement the Solid State Group “enhancing the value added operations and increasing exposure to high growth markets such as the medical sector”.

The US business will also be an opportunity to develop the company in the US.

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Caroline Hayes

Caroline Hayes is the editor of Electronics Weekly. She has been covering the electronics industry for over 30 years, edited UK and pan-European titles and contributed to UK and international online and print publications. Although specialising in the semiconductor market, she also has a keen interest in education, careers and start-up opportunities in the broader electronics industry.