Waters announced the acquisition of all the outstanding capital stock of Thermometric (Jarfalla, Sweden), a manufacturer of high-performance microcalorimeters, for approximately $2.5 million
Waters plans to merge the acquired business into its TA Instruments (New Castle, DE) operation.
Thermometric has annual sales of approximately $4 million and this transaction is expected to be neutral to Waters 2006 earnings.
Commenting on the acquisition, Terry Kelly, president of TA Instruments said, "The technologies and products from Thermometric are complementary to our leading position in thermal analysis and will allow us to expand our business into new applications, especially in life science research".
Waters holds worldwide leading positions in three complementary analytical technologies - liquid chromatography, mass spectrometry and thermal analysis.
These markets account for approximately $5 billion of the overall $20 - $25 billion analytical instrument market.
Thermometric operated as a privately held company in Jarfalla, Sweden.
Its flagship product, the Tam III, is a modular calorimeter that employs proprietary technology to deliver unparalleled calorimetric sensitivity and temperature stability.
It is routinely used to characterise materials, and their interactions, in the fields of pharmaceuticals, life and materials sciences.
