INFICON Announces Closing of Acquisition of Micro Gas Chromatography Product Line from Agilent Technologies, Inc.
- Transaction announced at end of January successfully closed
- Extension of environmental sensors product line into existing and emerging niche markets
Bad Ragaz/Switzerland, May 20, 2010. INFICON (SIX Swiss Exchange: IFCN) has closed the transaction of the Micro GC product line from Agilent Technologies, Inc. effective May 19, 2010 following approval by all relevant national trade commissions.
INFICON has increased its product offering to the Environmental, Health and Safety markets with the acquisition of Agilent Technologies Micro Gas Chromatography (GC) business line effective May 19, 2010. 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 acquisition supplements the company's successful environmental sensors product line and provides new opportunities for the company's core competency in the field of gas analysis in existing and emerging niche markets. 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.
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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.