Metrisa Assests Sold to Galvanic Applied Sciences
August 15, 2003
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
July 3, 2003
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
June 5, 2003
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
May 29, 2003
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
May 19, 2003
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
May 15, 2003
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. [...]
Siemens Acquires Flow Division of Danfoss
May 12, 2003
Nuremberg, Germany and Nordborg, Denmark —Siemens has purchased the Flow Division of Danfoss for an undisclosed amount. The Flow Division, which manufactures electronic devices for the flow measurement of liquids and gases, posted sales of €60 million ($56.6 million = €1.06 = $1.10) in 2002. Siemens Automation and Drives will combine its flow activities with [...]
Nova Analytics Takes Controlling Stake in WTW
May 12, 2003
Woburn, MA — Nova Analytics announced that it has acquired a controlling interest in Wissenschaftlich-Technische Werkstätten GmBH & Co. KG WTW) through a direct investment. Earlier this year, the newly formed Nova Analytics purchased Corning’s electrochemistry business (see IBO 4/15/03). Founded in 1945, WTW manufactures and supplies electrochemistry and measurement instruments and water quality analysis [...]
SAES Getters to Delist from US Nasdaq Exchange
May 8, 2003
Milan, Italy —SAES Getters S.p.A., owner of gas-analyzer maker Molecular Analytics, has announced that it plans to delist from the US Nasdaq exchange. The company has decided to concentrate on the Italian Stock Market holdings due to the limited number of US stockholders, low trading volume, “the growing internationalization of stock markets” and related costs. [...]
Parker Acquires MTS Automation
April 11, 2003
CLEVELAND, April 11/ PRNewswire-FirstCall/-- Parker Hannifin Corporation and MTS Systems Corporation today announced that Parker has acquired MTS Automation for an undisclosed amount. Upon integration, Parker said it expects the addition to be accretive to earnings. Founded in 1991 as Custom Servo Motors in New Ulm, MN, the MTS Automation Division has annual revenues of [...]
