Han’s Laser Buys Israel’s Nextec in Overseas ExpansionHan

Han’s Laser Technology Co., a Chinese supplier to Apple Inc., bought Israel’s Nextec Technologies to expand in the market for laser measurement devices used in the auto and aircraft industries.

Gao Yunfeng, president of Shenzhen-based Han’s Laser, said the company paid a “few million U.S. dollars” for privately-held Nextec, without elaborating further. The acquisition size was below $10 million, Bob Dodds, founder of DRP Capital, financial advisor to the Chinese company on the deal, said in an e-mailed response.