Dynavac Expands Market Share in Thermal Vacuum
Industry with Strategic Acquisition of XL Technology Systems
Hingham, MA- Dynavac, the industry leader in thermal vacuum technology and systems, is pleased to announce that it has acquired the intellectual property rights of XL Technology Systems, Inc., (XLT) formerly based in Rockland, MA. XLT designed, built, and installed thermal vacuum systems, which were used by defense and aerospace clients for preflight testing applications. The move will allow Dynavac to broaden its market share and strengthen its leadership position in the aerospace industry.
“This acquisition is well aligned with Dynavac’s long-term, strategic goals and the timing was right,” says Tom Foley, CEO of Dynavac. “XLT was a solid competitor with a long track record in the aerospace testing industry. We’re proud to incorporate their products and designs into our portfolio and increase our breadth of offerings to our customers.”
Under the acquisition terms, Dynavac has gained the rights to all mechanical, electrical, and software documentation for XLT’s standard and custom-engineered products. Going forward, this will enable the company to service and upgrade existing XLT systems, furnish new equipment, and provide ongoing support to former XLT customers.
“Customer satisfaction is the cornerstone of Dynavac’s operations, as evidenced by our strong service network,” Foley says. “XLT customers are in excellent hands, and our team is committed to ensuring a smooth and seamless transition.”
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About Dynavac: Dynavac has been designing and manufacturing high-vacuum process systems for thin film deposition, space simulation, and custom applications for over 30 years. Dynavac engineers are recognized throughout the industry for their expertise in high vacuum technology, machine design, and process technology. Its engineering expertise is matched by its extensive U.S.-based manufacturing capabilities, including a 40,000-sq.-ft. facility in Hingham, MA. Dynavac supports installations for customers in a wide variety of industries around the world. www.dynavac.com
For additional information about Dynavac or this press release, please contact Liz Claflin at firstname.lastname@example.org or 781-783-6983.