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Roper buys three companies. (Executive briefing: news, trends & market intelligence for instrument executives).

Bogart, GA 8/1/02 -- 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, packaging and automotive industries. Roper expects the company to post sales of $9 million in its first year under new ownership. Roper also purchased Duncan Technologies, a manufacturer of digital cameras for machine vision, remote sensing and traffic monitoring. Qualitek and Duncan will join Roper's Analytical Instrumentation segment. Adding to its Industrial Controls segment, Roper purchased Zetec, which sells non-destructive inspection solutions and consumables using eddy current technology, for $26 million in cash and $30 million in assumed debt. In its first year with Roper, Roper forecasts revenues of $50 million for Zetec.

Ai Qualitek sells hand-held trace gas detectors, pressure decay and flow measurement detectors, package leak detectors, gas chromatographs, and accessories. It has a subsidiary in the US, iTi Qualitek, and in Germany, Meltron Qualitek. It is the UK distributor for OI Corp. products, Varian's helium trace gas detectors, and QuadTek electrical safety testers. Seventy-five percent of its sales are in Europe. Roper views this acquisition as a strategic fit with its Uson leak test business.
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Title Annotation:Ai Cambridge Ltd., Zetec, Duncan Technologies
Comment:Roper buys three companies. (Executive briefing: news, trends & market intelligence for instrument executives).(Ai Cambridge Ltd., Zetec, Duncan Technologies)
Publication:Instrument Business Outlook
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 15, 2002
Words:213
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