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Particle Measuring Systems Acquires Molecular Analytics.

Boulder, CO 2/23/04 and Milan, Italy 2/13/04--Microcontamination monitoring company Particle Measuring Systems, a Spectris operating company, has acquired the assets related to Molecular Analytics' ion mobility spectrometry (IMS) gas analyzers from SAES Getters for $3 million in cash, net of possible adjustments. According to SAES Getters, 2003 IMS analyzer sales totaled $2 million (see page 12). The transfer of manufacturing activities will be completed May 30. The sale is part of a broader effort by SAES Getters to restructure and resume profitability, following the semiconductor downturn.

Excluded from the sale was Molecular Analytics' trace analytical gas analyzers product line of process GCs. As the semi-conductor and other process industries rebound, Molecular Analytics should see its prospects improve markedly. IMS also has defense and security applications.
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Title Annotation:Executive briefing: news, trends & market intelligence for instrument executives
Publication:Instrument Business Outlook
Article Type:Brief Article
Geographic Code:1U8CO
Date:Mar 31, 2004
Previous Article:Kendro enters life science automation market.
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