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 [...]

Roper Buys Three Companies

Bogart, GA-Roper Industries has acquired three businesses with total sales of $60 million for approximately $63 million. It acquired UK-based Ai Cambridge Ltd, known as Ai Qualitek, which manufactures and sells leak detection equipment and systems for the pharmaceutical, food, medical, packageing and automotive industries. Roper expects the company to post sales of $9 million [...]

Panametrics Acquired by GE Power

Atlanta, GA 7/24/02-GE Power Systems has acquired Panametrics, which will be renamed GE Panametrics and become part of GE's Energy Management Services business. Panametrics develops and sells specialized sensors and instrumentation for nondestructive testing, solar radiation detection and process measurement instrumentation, including chemical and gas sensors, charged particle detectors and process control instrumentation. GE Power [...]

Philips Analytical Becomes Part of Spectris

- Surrey, UK and Amsterdam, The Netherlands-Royal Philips Electronics has agreed to sell its Philips Analytical x-ray analytical business to precision instrument company Spectris plc for 150 million ($151.8 million = 0.99= $1) in cash. Philips Analytical makes and sells x-ray diffraction (XRD) and x-ray fluorescence (XRF)systems. In 2001, Philips posted 159 million in revenues, [...]

ThermoNoran Acquires NeXray, LLC.

Middleton, WI and Waltham,- Thermo Electron's Thermo NORAN business has acquired NeXray, LLC. NeXray, which was a wholly-owned subsidiary of Veeco Instruments, supplies microbeam x-ray fluorescence (XRF) metrology instruments for measuring filmthickness and composition of metal layers and other structures. "The NeXray XR product line complements our line of analytical XRF systems with an optically [...]

Access IBO on Knowledge Center