BNET Industries
Last Fiscal Year Sales:$317.8M
- Public
- US
Dow Jones Description
With corporate offices in Billerica, MA, GSI Group develops and delivers the enabling technology solutions that bring our customers' advanced manufacturing applications to life. Our leading brands include precision motion products, lasers, and laser systems, and are used to boost efficiency and productivity in the global medical, semiconductor, electronics, and industrial markets. GSI Group's common shares are listed on Nasdaq under ticker symbol GSIG.
President & Chief Executive Officer
Benjamin J. VirgilioNumber of Employees 1,363
Peer Companies
NAICS Code Hand and Edge Tool Manufacturing: 332212
Recent Events
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GSI Group goes under
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GSI Group Reports on Revenue Recognition Review, Preliminary Second Quarter 2009 Bookings,...
News & Analysis
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gsi group inc. - All News and Analysis
GSI Group Inc. Granted Extension by Nasdaq to Regain Compliance
BEDFORD, Mass., Feb. 17 /PRNewswire-FirstCall/ -- GSI Group Inc. (the "Company") , a supplier of precision technology and semiconductor systems, today announced that The Nasdaq Stock Market ("Nasdaq") has granted to the Company an extension until May 4, 2009 to regain compliance with Nasdaq listing standards. As previously disclosed,...
GSI Group Inc. to Restate Financial Results for 2007
BEDFORD, Mass., Feb. 2 /PRNewswire-FirstCall/ -- GSI Group Inc. , a supplier of precision technology and semiconductor systems, today announced that it has identified revenue recognition errors related to the incorrect timing in the recognition of revenue from multi-element sales transactions to certain customers in its Semiconductor Systems Segment...
GSI Group Inc. to Purchase Excel Technology Inc. for 2.18 Times Revenue
The Deal: GSI Group Inc. has entered into a definitive agreement to purchase Excel Technology Inc. through a cash tender offer of $32 per share. The boards of directors of both companies have unanimously approved the transaction. If the tender offer is successful, GSI will purchase any untendered shares for...
GSI Group Signs Definitive Agreement to Acquire Excel Technology
BEDFORD, Mass. -- GSI Group Inc., (Nasdaq: GSIG) and Excel Technology Inc. (Nasdaq: XLTC) announced today that they have entered into a definitive agreement for GSI to acquire Excel in an all-cash transaction for $32.00 per share, or approximately $360 million, before fees and transaction costs. The offer price represents...
GSI Group Gets $7 Million Order and $10 Million LOI for Advanced Laser Fuse M550 Wafer Repair Processing Systems
Wireless News 10-29-2007 GSI Group Gets $7 Million Order and $10 Million LOI for Advanced Laser Fuse M550 Wafer Repair Processing Systems WIRELESS NEWS-October 29, 2007-GSI Group Gets $7 Million Order and $10 Million LOI for Advanced Laser Fuse M550 Wafer...
GSI Schedules 3Q Earnings Call
Wireless News 10-21-2007 GSI Schedules 3Q Earnings Call WIRELESS NEWS-October 21, 2007-GSI Schedules 3Q Earnings Call C2007 10Meters - http://www.10meters.com GSI Group Inc. will be releasing its third quarter earnings on Tuesday, October 23rd after the...
GSI Holdings Corp., Parent Company of the GSI Group, Inc., Agrees to Be Acquired by Centerbridge Partners, L.P
ASSUMPTION, Ill. -- The GSI Group, Inc., a leading manufacturer and distributor of agricultural equipment including storage, conditioning, and handling equipment within the grain market, as well as feeding and climate control systems within the protein production markets, announced today that its parent company, GSI Holdings Corp., which is controlled...
Central Illinois Section
SECTION NEWS The fall meeting of the Central Illinois Section was held Oct. 20, 2006, at the headquarters of The GSI Group, Inc., Assumption, Ill. Following lunch, ASABE President Charles Sukup showed sample video clips of ASABE Historical Landmarks that are being prepared for the centennial. Clips included...
Central Illinois Section
The fall meeting of the Central Illinois Section was held Oct. 20, 2006, at the headquarters of The GSI Group, Inc., Assumption, Ill. Following lunch, ASABE President Charles Sukup showed sample video clips of ASABE Historical Landmarks that are being prepared for the centennial. Clips included center pivot irrigation,...
GSI Snags KLA-Tencor Exec (Electronic News)
After a six-month search, GSI Group Inc., a maker of semiconductor manufacturing tools, has named Dr. Sergio Edelstein the company's new CEO. Edelstein will officially take the helm July 10. Edelstein succeeds Charles Winston, who announced his plans for retirement in November. Winston, who was...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Benjamin J. Virgilio | President & Chief Executive Officer |
| Charles D. Winston | President & CEO |
| Garrett A. Garrettson | President and Chief Executive Officer |
| Richard B. Black | President and Chief Executive Officer |
| Richard M Christman | Chief Executive Officer |
| Sergio Edelstein | President and Chief Executive Officer |
| Allen A Deutsch | President of Protein Division |
| Dennis E Schwieger | President of Grain Division |
| John Henderson | Chief Financial Officer |
| Daniel J. Lyne | General Counsel, Secretary & Vice President |
| Michael Bond | Vice President, Manufacturing Grain |
| Michael Fuqua | Vice President, Supply Chain |
| Nino R. Federico | Vice President |
| Philippe Brak | Vice President and General Manager, Lasers |
| Ray Sansouci | Vice President |
| Thomas R Swain | Vice President |
| Tony Bellantuoni | Vice President, Human Resources |
| William A. Watson | Vice President, World Wide Engineering |
| Stephen Kew | Managing Director |
| Stephen Webb | Managing Director |
| Michele Taylor | Manager |
| Stevena McDonnell | Manager |
| Atsushi Takahashi | Sales Engineer |
| Janet Gardner | |
| Masayoshi Ito | Senior Sales Engineer |
| Marina Hatsopoulos | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Andrew S. Janower | Board of Directors |
| Byron O. Pond | Board of Directors |
| Kim Davis | Board of Directors |
| Michael W Choe | Board of Directors |
| Paul F. Ferrari | Board of Directors |
| Paul W Farris | Board of Directors |
| Phillip A. Griffiths | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | President & Chief Executive Officer | Current |
| GSI Group Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | President & CEO | Current |
| GSI Group Inc. | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | President and Chief Executive Officer | Current |
| GSI Group Inc. | Chief Executive Office, Fresco Technologies, and Consultant | Current |
| GSI Group Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | President and Chief Executive Officer | Current |
| GSI Group Inc. | Board of Directors | Current |
| GSI Group Inc. | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Chief Executive Officer | Current |
| Giant Partners | Executive Partners | Current |
| University of Michigan | MBA | Former |
| Rose-Hulman Institute of Technology | Bachelor's Degree In Mechanical Engineering | Former |
Mr. Edelstein joined GSI Group in July of 2006 from KLA-Tencor, where he held a number of senior executive positions, most recently as Group Vice President of the E-Beam and Films Product Group. Prior to that, Mr. Edelstein held several general management positions at Applied Materials. Mr. Edelstein also served as Director on the Board of Blue 29, a semiconductor equipment company. Mr. Edelstein has a Ph.D. in Chemical Engineering from the California Institute of Technology and holds 11 patents.
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | President and Chief Executive Officer | Current |
| GSI Group Inc. | Principal Executive Officer | Current |
| GSI Group Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | President of Protein Division | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | President of Grain Division | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Chief Financial Officer | Current |
| Marquette University | Masters of Business Administration | Former |
| University of Wisconsin | Bachelor of Science Degree | Former |
Daniel J. Lyne was named Vice President, General Counsel and Secretary of GSI Group in June 2005. Prior to joining the Company, Mr. Lyne was a Senior Shareholder at the law firm of Hanify & King, Professional Corporation in Boston, Massachusetts. Mr. Lyne joined Hanify & King in May 1987. Prior to that, Mr. Lyne was employed at Gaston Snow & Ely Bartlett in Boston, Massachusetts from 1981 to 1987.
| Organization | Position | Status |
|---|---|---|
| Hanify & King and Co | Former |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Vice President, Manufacturing Grain | Current |
| Akebono Corporation | Vice President of Aftermarket Operations | Former |
| The University of North Carolina | MBA | Former |
| The University of Tennessee | BA In Statistics | Former |
| Harvard University | BA In Biology | Former |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Vice President, Supply Chain | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Vice President | Current |
| Laser Systems Inc. | General Manager | Former |
| Laser Systems Inc. | Director of Operations | Former |
Philippe Brak joined the Company on January 2, 2008 as Vice President and General Manager for the Company's lasers business. Prior to joining the Company, Mr. Brak was President and CEO of NP Photonics, a fiber laser company. Before joining NP Photonics, Mr. Brak was employed at Gigabit Optics and Spectra-Physics Lasers, Inc. in various General Management and Sales and Services Management roles.
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Vice President and General Manager, Lasers | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Vice President | Current |
| MicroE Systems Corporation | General Manager, Microe Systems Division | Current |
| MicroE Systems Corporation | CEO | Former |
| MicroE Systems Corporation | President | Former |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Hibbitt Karlsson & Sorensen | Vice President, HR | Current |
| GSI Group Inc. | Vice President, Human Resources | Current |
| Wang Laboratories | Vice President of Worldwide Services Business | Former |
| Banyan Systems | Vice President of Human Resources | Former |
| Abaqus, Inc. | Vice President, Human Resources & Administration | Former |
| University of Massachusetts Amherst | Bachelor of Science Degree In Psychology | Former |
| Framingham State College | Former |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Vice President, World Wide Engineering | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Managing Director | Current |
Stephen Webb became Managing Director of Westwind Air Bearings Ltd. in February 2003. Westwind was acquired by GSI Group in December 2003. From 2001 to 2003, Mr. Webb was Operations Director at Oxford Instruments Analytical. Prior to 2001, he was Operations Director at EEV Ltd.
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Managing Director | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Manager | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Sales Engineer | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Senior Sales Engineer | Current |
| Organization | Position | Status |
|---|---|---|
| Charlesbank Capital Partners, LLC | Managing Director | Current |
| GSI Group Inc. | Board of Directors | Current |
| Harvard Private Capital Group | NA | Former |
| Bain & Company | consultant | Former |
| Harvard University | MBA | Former |
| Wharton Graduate School of the University of Pennsylvania | BS in economics | Former |
| Harvard Business School | research associate in entrepreneurial finance | Former |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Board of Directors | Current |
| Council on Foreign Relations | Member | Current |
| Harvard Private Capital Group | Managing Director | Former |
| Kohlberg & Company, L.L.C. | Partner | Former |
| Weiss, Peck & Greer | General Partner | Former |
| The Dyson-Kissner-Moran Corporation | Associate | Former |
| General Motors Corporation | held various positions | Former |
| Harvard University | MBA. | Former |
| Harvard University | BA In History | Former |
| Council on Foreign Relations | member | Former |
| Organization | Position | Status |
|---|---|---|
| Nantucket Conference | Current | |
| GSI Group Inc. | Director | Current |
| Tea Forte | Director | Current |
| Cynosure, Inc. | Board of Directors | Current |
| Energy Industry | Former |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Board of Directors | Current |
| GSI Group Inc. | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Mpm Forum | Board of Directors | Current |
| Princeton Economics Group, Inc. | Board of Directors | Current |
| GSI Group Inc. | Board of Directors | Current |
| University of Virginia | Communications Professor of Business Administration | Former |
| Unilever | Former | |
| University of Washington | MBA | Former |
| University of Missouri | B.S. | Former |
| University of Missouri | Degrees | Former |
| Harvard Business School | DBA | Former |
| Organization | Position | Status |
|---|---|---|
| GSI Group Inc. | Board of Directors | Current |
Executive News
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Charlesbank Capital Partners Closes Fund VII at $1.5 Billion
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GSI Group Inc. Receives Anticipated Letter from Nasdaq Regarding Form 10-Q Filing
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