FEI has purchased TILL Photonics of Munich, Germany. Details on fei.com.

Hillsboro, Ore./November 14, 2011―FEI (NASDAQ: FEIC), a leading instrumentation company providing imaging and analysis systems for research and industry, today announced that it has acquired TILL Photonics of Munich, Germany.  TILL provides sophisticated, high resolution, digital light microscopes and high speed imaging systems for live cell fluorescence microscopy.

 “The Life Sciences market is a key growth opportunity for FEI,” noted Don Kania, president and CEO of FEI.  “With this acquisition, FEI acquires additional key technology for correlative microscopy for cellular biology, which integrates high performance light and electron microscopy.  Now we can accelerate the growth of our Life Sciences business, which is an important component of our company-wide plan to double our served available market in the next three years.”

The very open and flexible microscope platforms of TILL are an ideal starting point for correlative microscopy,” commented Frank Lison, president of TILL Photonics GmbH.  “We see the combination of technologies from FEI and TILL as very successful model to enter into this promising market.”

The purchase price for the acquisition is €14.5 million (approximately $20 million), plus an earn-out payable in two years based on attainment of specified milestones.  TILL brings great products, a wealth of technology and a skilled and experienced team to FEI, along with revenues of approximately $8 million for calendar year 2011.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s