London, UK 12/2/16—Instrumentation and control firm Spectris has announced the merger of its Malvern and PANalytical business, which are both part of its Materials Analysis segment. “Joining the two companies will enable us to leverage new resources to further grow our service offering and add even more value to our clients and customers,” commented Eoghan O’Lionaird, Business Group director responsible for Materials Analysis. “This aligns closely with the Spectris strategy of a shift in emphasis towards the provision of complete solutions to our customers, allowing us to better deliver this to our Malvern and PANalytical customers.” Paolo Carmassi has been named president of the merged operating company. Most recently, he served as operating partner at CSTS Healthcare.  The respective presidents of PANalytical and Malvern, Peter van Velzen and Paul Walker, have retired.

As Mr. O’Lionaird told IBO, the combined group of Malvern and PANalytical will be the largest firm within the Materials Analysis segment of Spectris, enhancing potential for business growth. “We believe that there are strong benefits from a combination of the two companies that will deliver more possibilities for business growth than on a stand-alone basis,” said Mr. O’Lionaird . “The combination of our two companies is a strong player in the materials characterization market that will be able to leverage the strengths of the individual companies in particular markets and processes to grow faster. By leveraging the very strong brands and the highly skilled employees of the two companies, we believe we will be able to deliver a more complete range of products, solutions and services to a broader set of markets and customers.”

Asked why the companies decided on the merger at this point in time, Mr. O’Lionaird explained, “As end-markets have become more challenging, we believe that merging the two businesses will enable us to offer an improved value proposition to a shared customer and market base by complementing each others’ product and applications strengths.”