Inficon Acquires Process Control Company

Syracuse, NY and Zurich, Switzerland – Inficon Holding AG has acquired New Visions Systems, a vacuum instrumentation and process control software company serving the semiconductor industry. The acquisition is expected to be accretive in late 2003 or early 2004 and will add lithography to Inficon’s capabilities for the advance process control market, allowing it to [...]

OSI Takes L-3 to Court

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 [...]

OSI and L-3 Drop Talks for Former PerkinElmer Business

Hawthorne, CA- OSI announced that L-3 Communications has discontinued negotiations over OSI’s proposed acquisition of certain detection businesses that L-3 purchased from PerkinElmer earlier this year. OSI stated that the negotiations were stalled due to issues regarding intellectual property, product line definitions, allocation of employees and OSI’s right to conduct due diligence. OSI also commented [...]

GE Buys Osmonics

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 [...]

OSI Acquires New Screening Technology

Hawthorne, CA – OSI Systems has entered into a definitive agreement to acquire Ancore, a provider of advanced inspection systems based upon Pulsed Fast Neutron Analysis (PFNA) and Thermal Neutron Analysis (TNA) for land, sea and air transportation. For the acquisition, OSI will pay $2 million in cash and issue 347,915 shares of OSI common [...]

Oxford Instruments Sells Process Systems

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 [...]

Smiths to Acquire Heimann Systems

London,UK and Wiesbaden, Germany-Smiths Group has agreed to purchase Heimann Systems GmbH for £235 million ($368.7 million = £0.64=$1) in cash from Rheinmetall Group. Heimann Systems develops and sells x-ray security systems, metal detectors and biometric systems. In 2001, it posted sales of £104 million ($161.3 million = £0.64=$1) and pre-tax profits of £14 million [...]

Teledyne Acquires Monitor Labs

West Sussex, UK and Los Angeles, CA- Teledyne Technologies has acquired Monitor Labs Inc. (MLI), a wholly owned indirect subsidiary of network technology company Spirent, for $24 million in cash. Monitor Labs is a supplier of environmental monitoring instrumentation for the detection, measurement and reporting of air pollutants. In 2001, it posted $28 million in [...]

GE to buy Ion Track

Plainville, CT- GE Industrial Systems, a division of General Electric, has entered into an agreement to purchase Ion Track Instruments, a maker of ion trap mobility spectrometry systems for trace detection of narcotics and explosives. Ion Track will join GE Interlogix, a subsidiary of GE Industrial Systems. In June 2002, Ion Track filed for an [...]

Danaher Acquires Raytec

Everett, WA- Danaher plans to acquire Raytek, a maker of non-contact infrared thermometers for industrial, maintenance and quality control applications. In 2001, Raytek recorded revenues of more than $50 million. Raytek will join Danaher’s Electronic Test and Measurement platform, which includes Fluke. Currently, Fluke sells infrared products manufactured by Raytek. Fluke will keep the Raytek [...]

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