Optronic Technologies, Inc., better known to backyard astronomers as Orion Telescopes & Binoculars, has announced the acquisition of Meade Instruments following approval in bankruptcy court. Peter Moreo, president of Orion (and now president of Meade), stated, “I am honored to have the opportunity to work with Meade employees, customers, and suppliers as the next phase of Meade’s corporate journey begins.” For more than four decades, Meade Instruments has been one of the world’s largest designers and manufacturers of telescopes and accessories for amateur astronomers. In 2019, Orion Telescopes & Binoculars sued Meade, then a subsidiary of Chinese manufacturer Ningbo Sunny Electronic Co. Ltd, in an antitrust lawsuit that included several other manufacturers. The lawsuit found that Sunny had colluded with other Chinese manufacturers in a price-fixing scheme that formed a…