Precisive LLC has been acquired by MKS Instruments Inc. for US$13 million in an all-cash transaction.
Gerald G. Colella, Chief Executive Officer and President of MKS Instruments, said: "This acquisition is another step in executing our growth strategy […] We have previously said we are looking for opportunities to invest in growing our business in process and environmental markets and this is the first step in a multi-phased approach to execute on that strategy. Precisive presented a world-class technology that complements our existing Fourier Transform Infrared Spectroscopy (FTIR) based gas analysis systems and opens up additional opportunities in the energy market for MKS across multiple product lines. MKS is a financially strong company with a global infrastructure spanning three continents. We will leverage these strengths to continue to grow this business and expand its product offerings."
Dr Vidi Saptari, founder of Precisive, said: "We are excited to be joining a well-established, global technology leader and helping to advance MKS' efforts to grow into the natural gas and process industries. Since 2007, we have worked closely with leaders in the industry to develop a product that lowers cost of instrumentation and truly meets – and exceeds – their analytical and harsh operational requirements. We believe our customers and channel partners will be enthusiastic about the additional resources and infrastructure we will have access to as a part of MKS."
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/19032015/mks-instruments-acquires-precisive-444/