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Nova Analytics takes controlling stake in WTW. (Executive briefing: news, trends & market intelligence for instrument executives).

Woburn, MA 5/12/03 -- Nova Analytics announced that it has acquired a controlling interest in Wissenschaftlich-Technische Werkstatten 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 instruments. "By acquiring the Coming electrochemistry business line and our subsequent investment in WTW, Nova Analytics has become a significant new force in the electrochemistry market," commented Nova Analytics President John Kennedy.

Nova Analytics has rapidly made itself into a water quality analysis company. While clearly not yet in a league with Danaher, the water quality leader, its electrochemistry and water testing products give it a formidable portfolio. The company is supported by venture company firms Battery Ventures, Commonwealth Capital Partners and Ascent Venture Partners.
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Publication:Instrument Business Outlook
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 30, 2003
Words:143
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