News

Posted On: 09/04/2006

Waters Acquires Thermometric for $2.5 M

PharmaManufacturing.com

Waters Corp. (Milford, Mass.) on Aug. 28 announced the acquisition of all the outstanding capital stock of privately held Thermometric AB (Jarfalla, Sweden), a manufacturer of high-performance microcalorimeters, for approximately $2.5 million. Waters plans to merge the acquired business into its TA Instruments Inc. (New Castle, Del.) 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 Corp. 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.

For more information on Waters, visit www.waters.com

Thermometric AB operated as a privately held company in Jarfalla, Sweden. Their 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 characterize materials, and their interactions, in the fields of pharmaceuticals, life and materials sciences.

To learn more about Thermometric AB, visit www.thermometric.com.