Cleveland, OH 10/1/10; Quebec City, Canada 10/1/10—EXFO has sold its Life Sciences and Industrial Division to private equity firm The Riverside Company for $24.3 million in cash. The business supplies high-intensity UV illumination products, which are used in microscopes and life science instruments, as well as curing products. It will be renamed the Lumen Dynamics Group (LDG). In fiscal 2010, ending August 31, the Division posted revenues of $25.4 million and earnings from operations of $4.3 million. “Given our strong track record with corporate carve-outs like LDG, we expect to be able to grow the company both by expanding in its existing markets and by introducing products into new markets,” stated Riverside Managing Partner Loren Schlachet.