Lithuanian company acquires Boulder optics firm

BOULDER — A Lithuanian company has acquired Boulder-based Alpine Research Optics LLC, a laser optics producer.

Altechna, a custom laser optics company headquartered in Vilnius, Lithuania, bought ARO in order to expand its global presence, according to a press statement from the company. Altechna will maintain the management structure of ARO as “both companies aim to multiply their income three times in laser technology over the next five years. In 2023, the combined revenues of the two companies are expected to reach more than 22 million euros ($24.2 million).” ARO has 35 staff members. 

“Lithuania is one of the world’s leading…