NEW YORK (GenomeWeb News) – Waters has acquired privately held Thar Instruments for an undisclosed sum, the Milford, Mass., maker of chromatography and mass spectrometry instruments said after the close of the market on Monday.
Thar makes supercritical fluid chromatography instrument systems that are used for separation, isolation, and quantification of chemical compounds. According to Waters, the technology is similar to liquid chromatography but uses carbon dioxide as the main mobile phase, which offers environmental and cost benefits compared to liquid chromatography solvents.
"By combining Thar's advanced SFC instrumentation with Waters' chromatography expertise, Waters is committed to bringing the benefits of SFC to more laboratories for analytical and purification technologies worldwide," Rohit Khanna, vice president of worldwide marketing for Waters, said in a statement.
Waters had made an equity investment in Pittsburgh-based Thar in June 2007.
Thar had revenues of roughly $18 million in 2008, and Waters expects the acquisition to be neutral to its earnings in 2009.