Particle characterization specialist Micromeritics Instrument Corporation is set to be acquired by Spectris subsidiary Malvern Panalytical, the companies have announced. According to Spectris, the deal includes a $630 million payment up front and up to an additional $53 million on the achievement of 2024/25 performance goals.
Micromeritics’ products include the FT4 powder rheometer, which is used for measuring dynamic properties in DPI development. Micromeritics acquired the FT4 in 2018 when it acquired Freeman Technology. Malvern’s particle characterization instruments include the Mastersizer, Morphologi, and Spraytec lines.
Micromeritics President and CEO Terry Kelly commented, “Micromeritics is a world leader in particle characterization. Our market-leading technologies are used daily in the labs of the world’s most innovative companies and institutions. Our end markets are strong and growing, and we have a robust new product pipeline. The integration with Malvern Panalytical is powerful. Together our companies will be able to unlock more answers for customers and provide expert applications and technical support that cannot be matched by any other company. . . . The acquisition by Malvern Panalytical is a perfect fit for our technologies, our customers, and most importantly our people.”
Spectris Chief Financial Officer Derek Harding, who is set to become president of Spectris Scientific, said, “Together, Micromeritics and Malvern Panalytical provide a unique opportunity to create a leading and highly differentiated position and a fully integrated offering in particle characterization. . . . We look forward to welcoming the Micromeritics team and providing our customers with a wider portfolio of market leading solutions, helping to enhance their processes and productivity.”
Read the Micromeritics press release.
Read the Spectris press release.
