General Electric Agrees to Acquire Ionics
November 24, 2004
WILTON, CT-GE Infrastructure, a unit of General Electric Company, and Ionics, Inc. announced today that they have signed a definitive agreement for GE’s acquisition of Ionics in an all cash merger for $44 per share, valuing the transaction at approximately $1.1 billion plus the assumption of existing debt. Ionics is a global leader in desalination, [...]
SPX to Sell Edwards Systems Technology to GE
November 15, 2004
CHARLOTTE,NC-SPX Corporation announced a definitive agreement to sell its Edwards Systems Technology (EST) business to General Electric for $1.395 billion in cash. The sale is subject to antitrust clearance and customary closing conditions and is expected to be completed in the first quarter of 2005. EST’s products and services include networked and standalone fire alarm [...]
InVision Merger Agreement with GE Extended
November 1, 2004
NEWARK, CA-InVision Technologies has signed a waiver letter specifying additional terms for its acquisition by GE Infrastructure. The original merger agreement stated that if the merger did not occur by October 31, either party could terminate the agreement. The new agreement waives until December 27 the rights of either party to terminate the merger and [...]
SICK Establishes Subsididary in Russia
November 1, 2004
Waldkrich/Moscow,-- Sensor producer SICK has founded its own subsidiary based in Moscow. SICK AG used to offer its sensors on the Russian market via a representative. Now Konstantnin Tsarev is the Managing Director of the new subsidiary “O.O.O. SICK”. The new company will sell products from both SICK segments, factory automation and process automation, principally [...]
Pall to acquire Ciphergen’s Process Chromatography Business
October 28, 2004
East Hills, NY and Fremont, CA- Pall has agreed to purchase Ciphergen Biosystems’ BioSepra Process Chromatography division for $32 million, net of cash and debt. BioSepra develops, manufactures and markets chromatography sorbents for protein purification development and biopharmaceutical manufacturing. Pall will establish Process Proteomics Service Centers modeled on Ciphergen’s existing process center. Ciphergen retains certain [...]
US Patent Issued to Analytical Spectral Devices, Inc. for Unique Prescription Verification Solution
October 21, 2004
Boulder, Colo., — Analytical Spectral Devices, Inc. (ASD), manufacturer of precision analytical instruments for real-time, field based material identification and verification, announced today that the United States Patent and Trademark Office has issued Patent Number 6,771,369 covering the Company’s innovative solution, RxSpec™. RxSpec™ is a non-contact technology that directly measures and verifies the chemical composition [...]
Specialty Chemicals Company to Acquire Chromatography Supplier
October 20, 2004
Princeton, NJ and Pompey, France-Rockwood Specialties Group’s Dynamic Synthesis custom synthesis operation and Groupe Novasep SAS have announced their intent to merge operations to form a new company that will be part of Rockwood. The new company, which would have had 2003 revenues of approximately euro300 million ($375 million), will keep the Groupe Novasep name [...]
October 18, 2004
Hach Company Begins Homeland Security Test and Verification Work with U.S. Army Loveland, CO---Hach Company's Homeland Security Technologies business unit announced today it has signed a Cooperative Research and Development Agreement with the U.S. Army to complete testing of its new real-time water security detection and response technology by the end of 2004. Under terms [...]
Axsun Technologies and GSK Develop Support for the FDA’s Processs Analytical Technology Initiative
September 30, 2004
Billerica, Massachusetts—Axsun Technoloiges, Inc. a leading manufacturer of micro-optoelectronic products that improve quality, performance, and productivity in a variety of industries, announced the successful completion of tests at GlaxoSmithKline (GSK) using the Axsun NIR-APS analyzer to analyzer core drying functions, an important element in meeting GSK’s commitment to implementing the U.S. Food and Drug Administrations’ [...]
Oxford Instruments Acquires Metorex
September 13, 2004
WITNEY, UK-Oxford Instruments has agreed to acquire Finland-based Metorex International OY for €4.9 million ($6.0 million) in cash and a deferred cash consideration of €6.1 million payable upon significant sales growth over the next 18 months. Metorex supplies instruments for chemical analysis and rapid elemental identification, including x-ray fluorescence (XRF) alloy analyzers, mobile optical emission [...]
