Kopin Corp. (KOPN) Tuesday said it has acquired Scotland-based Forth Dimension Displays Ltd., a reflective microdisplays manufacturer, for approximately $11 million in cash plus an earnout provision if certain revenue milestones are reached within one year of the purchase date.
Kopin expects Forth Dimension, which had generated revenues of nearly $6 million in 2010, to be accretive to its earnings in 2011.
"Our acquisition of FDD opens new market opportunities for Kopin and expands our product offerings to our customers," said Kopin President and Chief Executive John Fan.
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