Onto Innovation Announced It Has Acquired Lumina Instruments Inc; Its Technology Will Expand The Companies Addressable Market By Apx $250M
Portfolio Pulse from Benzinga Newsdesk
Onto Innovation has acquired Lumina Instruments Inc., which is expected to expand its addressable market by approximately $250 million.
October 31, 2024 | 8:08 pm
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Onto Innovation has acquired Lumina Instruments Inc., which will expand its addressable market by approximately $250 million.
The acquisition of Lumina Instruments by Onto Innovation is a strategic move that significantly increases its market potential by $250 million. This expansion is likely to positively impact ONTO's stock price in the short term as it opens up new revenue opportunities.
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