Spectris acquires ASD | Automation.com

Spectris acquires ASD

March 12, 2013 – ASD, manufacturer of Near-Infrared (NIR) spectroscopy instrumentation for materials measurement and research, was acquired by Spectris. ASD was acquired for a debt and cash-free net consideration of $14 million. The consideration will be met from existing cash and bank facilities and is subject to routine balance sheet adjustments. In addition, a contingent consideration of up to $19 million may become payable to the sellers, based on achieving growth in sales targets for the 36-month period ending December 31, 2015.

ASD will become part of Spectris’ Materials Analysis segment and will be integrated with PANalytical, a supplier of instrumentation and services for X-ray diffraction (XRD) and X-ray fluorescence (XRF) spectrometry. PANalytical offers analytical equipment for industrial and scientific applications, as well as the semiconductor market. ASD’s NIR instrumentation and solutions naturally complement PANalytical’s superior analysis systems.

“ASD’s successful NIR solutions for the remote sensing, mining and other industrial markets augment and extend PANalytical’s offerings toward scientific and industrial customers and will add a new contiguous product line with portable, handheld, benchtop and online products,” said Jim Webster, Business Group Director at Spectris. “The acquisition of ASD will provide strong synergies in the combination of both companies’ technologies, customer support capabilities and distribution channels.”

Dr. Alexander F. H. Goetz, co-founder of ASD, retired from his position as Chief Scientist. Dr. Goetz founded ASD with Dr. Brian Curtiss, Chief Technology Officer, in 1990.

David Rzasa, CEO and President, and Thomas Beck, CFO, will step down from their positions with ASD and the company’s board of directors. Bob Faus, PE, previously vice president of engineering, and Michael Lands, vice president of sales and marketing, will assume executive leadership positions as vice president and general manager, NIR, and vice president, sales and marketing, NIR, respectively.

“The recent acquisition expands our potential to serve more customers and reach out to more prospects in a wide range of industries,” said Michael Lands, vice president, sales and marketing, NIR. “Our parent companies are ready to support our vision and grow our product offerings, services and programs to even higher levels of success.”

About ASD
Established in 1990 in Boulder, Colo., ASD Inc., a PANalytical company, is a supplier of high-performance analytical instrumentation solutions, solving some of the most challenging real-world materials measurement problems.

About Spectris
Spectris PLC is a supplier of productivity-enhancing instrumentation and controls. The Company’s products and technologies help customers to improve product quality and performance, improve core manufacturing processes, reduce downtime and wastage and reduce time to market. Its global customer base spans a diverse range of end user markets. Spectris operates across four business segments which reflect the applications and industries it serves: Materials Analysis, Test and Measurement, In-line Instrumentation and Industrial Controls. Headquartered in Egham, Surrey, England, the Company employs approximately 7,600 people, with offices in more than 30 countries.

About PANalytical
PANalytical is a supplier of analytical instrumentation and software for X-ray diffraction (XRD) and X-ray fluorescence spectrometry (XRF), with more than half a century of experience. The materials characterization equipment is used for scientific research and development, for industrial process control applications and for semiconductor metrology.

 

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