Riverside sells lighting manufacturer Lumen Dynamics to Excelitas

Mississauga, Ontario-based Lumen Dynamics Group Inc, a manufacturer of lamp and LED-based UV curing and fluorescence illumination systems, has been acquired by Excelitas Technologies Corp, a Waltham, Mass.-based provider of customized solutions to meet lighting, detection and related technology needs. The acquisition price was not disclosed. Lumen Dynamics, formerly the life sciences and industrial division of EXFO Inc, was bought for US$24.3 million by New York-based private equity firm The Riverside Co in 2010.

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