INFICON Signs Agreement to Acquire Micro Gas Chromatography Business Line from Agilent Technologies, Inc.
- Strategic extension of Environmental Sensors product line
- Addresses opportunities in existing and emerging niche markets
- Seamless manufacturing transition
Bad Ragaz/Switzerland, January 29, 2010. INFICON (SIX Swiss Exchange: IFCN) a leading, worldwide manufacturer of instrumentation and process control software for advanced industrial vacuum processes, has signed a definitive agreement, pending regulatory approval, to acquire the Micro GC business line from Agilent Technologies, Inc. The Micro GC instrument product line enhances the INFICON Environmental Sensors product portfolio and will be marketed to several niche growth markets. The acquisition is expected to close in 6-8 weeks.
INFICON will increase its product offering to the Environmental, Health and Safety markets with the acquisition of Agilent Technologies Micro Gas Chromatography (GC) business line. The Micro GC product will be produced by INFICON Instruments Shanghai Co. Ltd. in Shanghai, China with INFICON expecting employment worldwide to increase by ten to fifteen people. The company anticipates closing transactions in 6-8 weeks, pending regulatory approval. The acquisition will supplement the company's successful environmental sensors business and provide new market opportunities for the company's core competency in the field of gas analysis. These markets include the petrochemical and mining industries, chemical processing and natural gas transmission applications, as well as emerging growth industries such as environmental monitoring, fuel cell and bio-fuel research and production.
"This acquisition complements our very successful HAPSITE GC/MS and chemical monitoring product lines and will help expand the company's environmental sensors market base," said Lukas Winkler, President and Chief Executive Officer of INFICON. "We look forward to a seamless manufacturing transition to our Shanghai facility and believe this acquisition will expand INFICON's opportunities for significant long-term growth."
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ABOUT INFICON
INFICON is a leading provider of innovative instrumentation, critical sensor technologies, and advanced process control software that enhance productivity and quality in sophisticated industrial vacuum processes. These analysis, measurement and control products are essential for gas leak detection in air conditioning/refrigeration, and automotive manufacturing. They are vital to equipment manufacturers and end-users in the complex fabrication of semiconductors and thin film coatings for optics, flat panel displays, solar cells and industrial vacuum coating applications. Other users of vacuum based processes include the life sciences, research, aerospace, packaging, heat treatment, laser cutting and many other industrial processes. We also leverage our expertise in vacuum technology to provide unique, toxic chemical analysis products for emergency response, security, and environmental monitoring. INFICON is headquartered in Switzerland and has world-class manufacturing facilities in Europe, the United States and China, as well as subsidiaries in China, Finland, France, Germany, Japan, Korea, Liechtenstein, Singapore, Switzerland, Taiwan, the United Kingdom and the United States. INFICON registered shares (IFCN) are listed on SIX Swiss Exchange. For more information about INFICON and its products, please visit www.inficon.com.
This press release and oral statements or other written statements made, or to be made, by us contain forward-looking statements that do not relate solely to historical or current facts. These forward-looking statements are based on the current plans and expectations of our management and are subject to a number of uncertainties and risks that could significantly affect our current plans and expectations, as well as future results of operations and financial condition. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.