Optronic Technologies, Inc., commonly known as Orion Telescope and Binoculars, announced today that they have acquired “substantially all of the assets” of Meade Instruments as a result of Meade’s bankruptcy reorganization. The bankruptcy plan was approved by a federal court in California in April so this latest news is not a surprise, but it finalizes a proceeding that has been in the courts since late 2019. Orion was the largest debtor listed in the bankruptcy, which was precipitated by a federal court decision in 2019 that Meade had colluded with other Chinese optics manufacturers in a price-fixing scheme that constituted a monopoly. Orion has promised that the Meade brand, along with Meade warranties and customer support, will continue.
Orion’s statement on the acquisition can be found at: