Bruker Sells GC Assets to Techcomp
Bruker announced earlier this year the sale of the business in order to improve the profitability of its Chemical & Applied Markets Division (see IBO 7/31/14). For Techcomp, the acquisition gives it new proprietary products to sell in China, its main market.
Hong Kong 10/9/14; Singapore 10/9/14—Techcomp has agreed to acquire from Bruker the assets related to Bruker’s GC and single-quadrupole GC/MS businesses, including inventories, intellectual property, trademark, licenses and other assets, for $13.5 million. The net book value of the tangible assets is $14 million. Techcomp stated that the acquisition will allow it to expand its presence in Europe, Asia and North America, and its GC and GC/MS business. The purchase will be financed through a private placement and is expected to be completed by October 31.
