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Bruker AXS Adds to Roentec Purchase with PGT s X-ray Microanalysis Business

NEW YORK, Oct. 26 (GenomeWeb News) - Bruker AXS said today that it plans to acquire Princeton Gamma-Tech Instruments' PGT X-ray microanalysis business.

 

The company did not disclose the financial terms of the acquisition, but said that it expects it to close in the fourth quarter of 2005.

 

The PGT X-ray microanalysis business had annual revenues of between $5 million and $6 million, Bruker AXS said.

 

The acquisition marks the second X-ray microanalysis firm that the company plans to acquire before the end of the year. Earlier this month, Bruker AXS said it would acquire Roentec, a German X-ray microanalysis instrument company, for an undisclosed amount. Roentec, based in Berlin, generates between $6 million and $7 million in annual revenues.

 

After the transactions close, Bruker AXS plans to combine Roentec and the PGT microanalysis business into a new business called the Bruker AXS Microanalysis Group. This business will focus on the global X-ray microanalysis market, which the company said is worth around $150 million per year.

 

Roger Durst, executive vice president at Bruker AXS, said in a statement that both Roentec and PGT have "excellent technology" and a strong customer base, but "both companies also have been distribution-limited and at a size disadvantage relative to their larger competitors."

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