Thermo Tweaks Product Lineup
Waltham, MA 10/2/03, Bristol, UK 10/3/03 and Charlotte, NC 10/14/03—In a series of
announcements, Thermo Electron has sold two product lines and acquired one.
Thermo Electron has agreed to purchase the Electronic Personal Dosimetry (EPD)
business of Seimens plc for approximately $4.5 million in cash subject to postclosing
adjustments. 2003 revenues for the business are estimated at $10 million.
It will join Thermo’s Radiation Measurement & Protection product lines, part of the
Environmental Instruments division of the Measurement and Control unit. Ling
Dynamic Systems, an SPX company, has purchased Thermo’s test and measurement
business, which sells data acquisition systems used in the measurement of
physical parameters, such as oscilloscopes, power surge instruments and date
recording instruments. The product lines, most of which were sold under the
Nicolet name, have annual revenues of more than $25 million.