ARCH Global Holdings announces the Divestiture of DPSS Lasers, Inc.
ARCH Global Holdings ("ARCH") on February 28, 2025, announced the divestiture of its DPSS Lasers, Inc. ("DPSS") business to Laserax, Inc, a laser technology company based in Quebec, Canada. The transaction is effective immediately.
"DPSS is a strong business with innovative technology, but as ARCH continues to sharpen our focus on our core Cutting Tools and Medical Solutions businesses, we made the strategic decision to divest DPSS," said Eli Crotzer, President & CEO of ARCH. "We believe Laserax is the ideal partner to support DPSS in expanding its market presence and driving future growth. I want to extend my sincere gratitude to the DPSS team for their contributions to ARCH and wish them success in this next chapter as part of the Laserax organization."
Xavier Godmaire, CEO at Laserax, expressed enthusiasm about the acquisition, stating, "We are excited to welcome DPSS to the Laserax family and see a strong alignment in culture, technology, and operations between our companies. DPSS customers can rest assured that they will continue to receive the same high-quality products and services they have come to expect. Furthermore, we are committed to maintaining DPSS operations in Santa Clara, California, and supporting the team as we move forward together."