AMETEK Acquires Chandler Instruments

Paoli, PA 9/2/03–AMETEK has acquired Chandler Instruments for approximately $50 million. Chandler Instruments is expected to record 2003 sales of $30 million. It operates through two companies: Chandler Engineering and Grabner Instruments. Chandler Engineering focuses on the upstream markets for oil and gas exploration and production with products including fluid technology instruments, drilling and completion [...]

Ionics Consolidates Operations and Cuts Jobs

Watertown, MA 9/3/03–Ionics has announced a restructuring program in a move to save $15 million annually and improve margins. The company plans to realign its management structure, consolidate certain operations and eliminate approximately 200 positions, or 10% of its workforce. A conference call is slated to occur later this month providing more details on its [...]

Swagelok Acquires Kenmac

Solon, OH 8/7/03—Swagelok has acquired Kenmac Ltd., a manufacturer of highquality instrumentation valves and manifolds, pressure regulators, process interface valves and piping products. “Combining our resources and capabilities will ensure more complete solutions for fluid system customers around the world,”commented Swagelok President and COO Arthur F. Anton.

NETZSCH Acquisition Abandoned

Selb, Germany 8/5/03—NETZSCH Group disclosed that its merger with Colfax Corporation announced earlier this year (see IBO 4/30/03) has been terminated because Colfax was “not able to observe the parameters of the acquisition financing,” although the German Federal Cartel Office recently approved the merger. Consequently, NETZSCH Group will continue to operate independently. “We regret this [...]

Metrisa Assests Sold to Galvanic Applied Sciences

Calgary, Canada 6/25/03 and 7/7/03-Galvanic Applied Sciences has purchased Metrisa’s property and assets for approximately $2.5 million and a two-year earn-out provision. The purchase includes Metrisa’s manufacturing business (working capital of approximately $875,000), R&D, intellectual property rights and Metrisa and Metrisa GmbH product distribution rights. Metrisa develops and markets instruments for measuring properties of certain [...]

Thermo Electron Purchases Process Control Rheometry Line

Newington, NH — Thermo Electron has purchased Rheometric Scientific Instruments’ Process Control Rheometers product line from TA Instruments, a Waters subsidiary. The product line has become part of the Control Technology division of Thermo’s Measurement and Control business unit. “Rheometry is the cornerstone of our materials characterization business, and we’re committed to becoming the leading [...]

Veeco Acquires NanoDevices’ Probe Business

Woodbury, NY and Santa Barbara, CA 6/5/03—Veeco Instruments has acquired NanoDevices’ atomic force microscope (AFM) probes business for an undisclosed amount. NanoDevices sells silicon metrology, silicon nitride metrology and probe matrix array metrology AFM probes. NanoDevices announced that its EasyTube business has reorganized as a new company, First Nano. The EasyTube NanoFurnace creates carbon nanotubes [...]

InVision Invests in New Screening Technology

Newark CA— InVision Technologies has made an equity investment in SafeView, a maker of advanced portal systems utilizing millimeter wave holographic technology for security screening of metal and nonmetallic contraband. InVision will become the exclusive distributor of SafeView’s systems in North America and Europe for the commercial aviation market.

Teledyne Acquires Tekmar-Dohrmann

Los Angeles, CA — Teledyne Technologies has purchased Tekmar-Dohrmann (Tekmar Company) from Emerson Electronic. Tekmar-Dohrmann, a manufacturer of gas chromatography introduction systems and automated total organic carbon analyzers, posted revenues of $22.5 million for the fiscal year ended September 2002. Under the new name Teledyne Tekmar Company, Tekmar-Dohrmann joins Teledyne Instruments, part of Teledyne Technologies’ [...]

Smiths Forms Detection Division

London, UK —The Smiths Group has announced that effective August 1st it will create a new Detection division, which will include Smiths Detection and Smiths Heimann. Currently, these businesses are part of the Smiths Aerospace division. John Langston, group managing director of the Sealing Solutions division, will become group managing director of the new division. [...]

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