InVision Technologies has entered into a definitive agreement to acquire YXLON International Holding GmbH for €38.6 million ($41.6 million) in cash. YXLON manufactures and sells x-ray diffraction systems for explosives detection and x-ray based non-destructive testing (NDT) systems for industrial applications. For its year ended September 30, 2002, YXLON posted revenues of $57.4 million. According […]

Franklin, MA- Thermo Electron has acquired Netherlands-based EPM, a supplier of dilution probe sampling systems for continuous emission monitoring (CEM) applications. EPM has annual revenues of $3 million. It will join Thermo Electron’s Environmental Instruments division. Thermo Electron Environmental Instruments stated that EPM’s products will complement its gas analyzers used for smokestack CEM and gives […]

Hawthorne, CA – OSI Systems has filed a complaint against L-3 Communications alleging that L-3 defrauded and breached fiduciary duties related to OSI and L-3’s joint bid for the Detections Systems business L-3 purchased earlier this year from PerkinElmer. The complaint further alleges that L-3 violated California’s unfair competition law and that L-3’s conduct prevented […]

Atlanta, GA and Minnetonka, MI – General Electric’s GE Power Systems has entered into an agreement to integrate Osmonics, a water purification and fluid filtration company, into its GE Water unit. For each share of Osmonics’ stock, shareholders will receive the equivalent of $17 of GE common stock, or may elect to receive $17 in […]

Oxon, UK- On October 2,2002, managers at Oxford Instruments Analytical’s Process Systems purchased certain assets and intellectual property from the company. The new company formed by the management buy out, Progression Inc., located in Maine, will have exclusive distribution rights to Oxford Instruments’ benchtop NMR analyzers in the US and Canada. It will also develop […]