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 [...]
NETZSCH to Be Acquired by COLFAX
April 9, 2003
Selb, Germany and Richmond, VA —COLFAX has signed an agreement to acquire all share of NETZSCH Group in a transaction that is expected to close in May 2003. The four business units of NETZSCH are Analysis and Testing, Filtration, Grinding and Dispersing, and Pumps. COLFAX is a provider of fluid handling and power transmission products. [...]
Whatman Cuts Product Lines and Personnel
March 31, 2003
Maidstone, Kent, UK--Whatman plc has announced that it will decrease its product range from approximately 16,000 list numbers to 4,000. It also plans a revised reorganization of its manufacturing facilities that will consolidate manufacturing and technical resources from 14 locations to 4 and a 20% reduction in personnel by year end.
Foss extends range of NIR-based dedicated analytical solutions
March 3, 2003
(March 3, 2003)For decades, FOSS has harnessed the versatility and power of NIR technology to the benefit of our customers. Two good examples of FOSS leadership in the field of NIR are Infratec, the undisputed global standard for grain payment systems, and the FOSS NIRSystems 5000/6500 series, a de facto world-standard in reflectance for more [...]
