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THERMO INSTRUMENT SYSTEMS ANNOUNCES INTENT TO ACQUIRE GAMMA-METRICS

THERMO INSTRUMENT SYSTEMS ANNOUNCES INTENT TO ACQUIRE GAMMA-METRICS
 WALTHAM, Mass., Nov. 11 /PRNewswire/ -- Thermo Instrument Systems Inc. (AMEX: THI) today announced that it has signed a memorandum of intent to acquire Gamma-Metrics, a privately held, California-based manufacturer of nuclear reactor instrumentation and analytical instruments used for on-line analysis of bulk materials, such as coal and cement, marketed worldwide. Gamma-Metrics reported revenues of approximately $21 million for its fiscal year ended March 31, 1992. The cash acquisition is subject to certain customary conditions, including due diligence, regulatory approvals, negotiation of a definitive acquisition agreement, and authorization by each company's board of directors.
 Thermo Instrument Systems develops, manufactures, and markets analytical instruments used to detect and monitor air pollution, radioactivity, complex chemical compounds, and toxic metals and other elements in a broad range of liquids and solids. The company also provides environmental science and engineering services, laboratory- based testing, and nuclear health physics services. Thermo Instrument Systems is a public subsidiary of Thermo Electron Corporation.
 -0- 11/11/92
 /CONTACT: John N. Hatsopoulos of Thermo Electron, 617-622-1111/
 (THI TMO) CO: Thermo Instrument Systems, Thermo Electron Corporation ST: Massachusetts IN: CPR SU:


CN -- NE005 -- 9614 11/11/92 09:09 EST
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Publication:PR Newswire
Date:Nov 11, 1992
Words:198
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