Printer Friendly

THERMO INSTRUMENT SYSTEMS TO ACQUIRE SPECTRA-PHYSICS ANALYTICAL

 WALTHAM, Mass., Jan. 15 /PRNewswire/ -- Thermo Instrument Systems Inc. (AMEX: THI) today announced that it has entered into an agreement to purchase, for approximately $69 million cash, Spectra- Physics Analytical, Inc., a Fremont, California-based manufacturer of liquid chromatography and capillary electrophoresis analytical instruments and a wholly owned subsidiary of Spectra-Physics AB of Stockholm. The purchase has been authorized by each company's board of directors.
 The acquisition is subject to certain conditions, including antitrust clearance under the Hart-Scott-Rodino Act. Spectra-Physics Analytical's 1992 revenues were approximately $68 million. Thermo Instrument plans to fund the acquisition with existing cash and borrowings from its parent company, Thermo Electron Corporation (NYSE: TMO).
 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- 1/15/93
 /CONTACT: John N. Hatsopoulos of Thermo Instrument Systems, 617-622-1111/
 (THI TMO)


CO: Thermo Instrument Systems; Thermo Electron ST: Massachusetts IN: CPR SU:

DD -- NE003 -- 5221 01/15/93 08:58 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 15, 1993
Words:204
Previous Article:GRACO INC. PRESIDENT TO LEAVE COMPANY
Next Article:THERMO INSTRUMENT PLANS TO SELL BIOMEDICAL PRODUCTS BUSINESS TO THERMO ELECTRON CORPORATION
Topics:


Related Articles
THERMO INSTRUMENT SYSTEMS COMPLETES ACQUISITION OF GAS TECH
THERMO INSTRUMENT SYSTEMS COMPLETES TENDER OFFER FOR NICOLET STOCK
THERMO INSTRUMENT SYSTEMS COMPLETES ACQUISITION OF GAMMA-METRICS
THERMO INSTRUMENT SYSTEMS ACQUIRES SPECTRA-PHYSICS ANALYTICAL, FORMING NEW UNIT
THERMO INSTRUMENT SYSTEMS ANNOUNCES INTENT TO ACQUIRE THE ANALYTICAL INSTRUMENTS DIVISION OF BAIRD CORPORATION
THERMO INSTRUMENT SYSTEMS ANNOUNCES INTENT TO ACQUIRE THE SCIENTIFIC INSTRUMENTS DIVISION OF FISONS
THERMO INSTRUMENT SYSTEMS TO PURSUE SPINOUT STRAGETY FORGED BY PARENT THERMO ELECTRON
TWO THERMO ELECTRON SUBSIDIARIES ACQUIRE ANALYTICAL TECHNOLOGY, INC.
THERMO INSTRUMENT ACQUIRES ANALYTICAL INSTRUMENTS DIVISION OF ANALYTICAL TECHNOLOGY, INC.
THERMO BIOANALYSIS COMPLETES ACQUISITION OF DYNATECH LABORATORIES WORLDWIDE

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters