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Thermo Electron Buys NITON X-Ray Company For $40.5M In Cash

NEW YORK, April 8 (GenomeWeb News) - Thermo Electron has purchased NITON, a Billerica, Mass.-based company that provides portable X-ray analyzers, for $40.5 million in cash, subject to a post-closing adjustment, the company said last week.

 

"NITON helps Thermo bring a traditional laboratory-based analytical technique to settings outside the laboratory," said Thermo CEO Marijn Dekkers. "Its portable products can quickly identify the composition of a wide range of metals, which is becoming increasingly important as new regulations controlling the use and disposal of toxic metals in various consumer products take effect, particularly in Europeand Japan."

 

NITON's X-ray analyzers provide non-destructive testing of a range of metals for customers in a variety of manufacturing, quality control, environmental testing and recycling processes.

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