Gooch & Housego Expands U.S. Presence with Global Photonics Acquisition

Gooch & Housego ( (GB:GHH) ) has issued an announcement.

Gooch & Housego PLC has completed the acquisition of Global Photonics, a U.S.-based company, enhancing its presence in the U.S. Aerospace & Defence market. This strategic move aims to replicate the success of its UK optical systems hub by establishing a comprehensive optical systems engineering and manufacturing capability in the United States. As part of the acquisition, G&H has issued 1,328,636 new ordinary shares, representing approximately 4.9% of its enlarged share capital, with trading expected to commence on 20 June 2025. This acquisition is a significant step for G&H in strengthening its market position and expanding its operational footprint.

The most recent analyst rating on (GB:GHH) stock is a Buy with a £635.00 price target. To see the full list of analyst forecasts on Gooch & Housego stock, see the GB:GHH Stock Forecast page.

Spark’s Take on GB:GHH Stock

According to Spark, TipRanks’ AI Analyst, GB:GHH is a Outperform.

Gooch & Housego has a strong technical outlook and positive corporate events, including strategic acquisitions boosting future growth. However, challenges in financial performance and a high valuation relative to earnings temper the overall outlook.

To see Spark’s full report on GB:GHH stock, click here.

More about Gooch & Housego

Gooch & Housego is a photonics technology company based in Ilminster, Somerset, UK, with operations in the U.S. and Europe. It specializes in researching, designing, engineering, and manufacturing advanced photonic systems, components, and instrumentation for sectors including Aerospace & Defence, Industrial, Life Sciences, and Scientific Research.

Average Trading Volume: 59,784

Technical Sentiment Signal: Hold

Current Market Cap: £150.6M

See more data about GHH stock on TipRanks’ Stock Analysis page.