26 Oct Bruker AXS to acquire companies, form Microanalysis Group
Rocky Hill, New Jersey – Bruker AXS Inc. announced an agreement to acquire the Princeton Gamma-Tech X-ray microanalysis business, with annual revenues of $5-6 million, from Princeton Gamma-Tech Instruments, Inc. The terms of the transaction were not disclosed, and the acquisition is expected to close in the fourth quarter of 2005.
Bruker previously announced on October 14, 2005, that an agreement had been reached to acquire Roentec AG, an X-ray microanalysis company based in Berlin, Germany. Roentec has developed unique mobile systems for the X-ray fluorescence microanalysis of works of art, as well as novel transportable Total Reflection X-ray Fluorescence systems for elemental trace analysis in liquids
After the closing of both transactions, Roentec AG and the PGT Microanalysis Business will be combined into the new `Bruker AXS Microanalysis Group’, which will focus on the $150 million per annum global X-ray microanalysis market.
Applications of X-ray microanalysis include nanotechnology and advanced materials research, as well as materials analysis and quality control, with customers in industry, academia and government research facilities.