GSI to acquire NDS Surgical Imaging

GSI Group has acquired San Jose, Calif.-based NDS Surgical Imaging (NDSsi) for $82.5 million in cash, subject to customary closing adjustments.

GSI Group is a supplier of laser-based, precision motion and optical technologies, and the acquisition was the result of its medical component market strategy, according to the Bedford, Mass.-based company.

The total purchase price is financed using approximately $25 million of cash on-hand with the remainder from GSI Group’s credit facility. The acquisition closed as of Tuesday, Jan. 15, according to a GSI Group press release. The transaction is earnings accretive and is expected to add more than $80 million in revenue and nearly $12 million of adjusted earnings before interest, taxes, depreciation and amortization to GSI’s financial results in 2013, according to the company.