CARLSBAD, CA – Palomar Technologies’ management has bought out the original investor group that spun the company out of Hughes Aircraft in 1995. 
 
Local management, with Palomar for many years, now owns the provider of precision automation equipment and contract assembly services for microelectronics.
 
No financial terms were disclosed.
 
“All of our current operations, products, and services will continue unchanged,” said Bruce Hueners, Palomar Technologies president and CEO.