Thermo Electron Acquires Leading Provider of Continuous Particulate Monitoring Instruments
Thermo Electron Corporation announced that it has purchased Rupprecht and Patashnick Co., Inc. (R&P), a world leader in continuous particulate monitoring instrumentation for the ambient air, emissions monitoring and industrial hygiene markets. The company had 2004 revenues of $17 million. The financial terms of the transaction were not disclosed.
Marijn E. Dekkers, president and chief executive officer of Thermo Electron said, "R&P is a global leader in particulate monitoring instrumentation and is well positioned to address future particulate monitoring regulations that will impact the emissions and ambient air monitoring markets, both of which are core to Thermo. Their product offering is an excellent complement to our existing portfolio of gas analyzers and particulate monitoring instruments, and will significantly enhance Thermo's global position in these markets by creating a supplier with a strong portfolio of instrumentation and service capabilities. The R&P acquisition strengthens our ability to meet our customers' current and future compliance, health and safety needs and reinforces our commitment to be the world leader in analytical instrumentation for environmental applications."
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