Waltham, MA – Thermo Electron says it has purchased Niton for approximately US$40.5 million in cash, subject to a post-closing adjustment. Niton makes portable X-ray analyzers for the metals, petrochemical, and environmental markets.
“The addition of Niton is a continuation of our strategy to acquire companies that extend our capabilities so we can better serve the emerging needs of our customers," says Marijn Dekkers, president and chief executive officer of Thermo Electron. "Niton helps Thermo bring a traditional laboratory-based analytical technique to settings outside the laboratory.”
Niton’s portable X-ray analyzers provide non-destructive testing of a range of metals for industrial customers in a variety of manufacturing, quality control and quality assurance, environmental testing and recycling processes.
Headquartered in Billerica, MA, the company will become part of the scientific instruments product line of Thermo’s life and laboratory sciences segment.