Cary, NC--Electric power and automation company ABB has agreed to acquire Los Gatos Research (LGR; Mountain View, CA) to add a new line of high-performance gas analyzers to ABB's measurement business.
The 19-year-old, nearly 40-person LGR provides analyzers and services to a wide range of customers needing real-time measurement of trace gases and isotopes for research and environmental monitoring. LGR's laser-based measurement strategies allow for non-destructive analysis of gases and liquids using Off-Axis Integrated Cavity Output Spectroscopy (OA-ICOS) that has a substantially higher sensitivity, precision and accuracy than other traditional sampling and laser-based technologies. LGR’s employees will join the global Measurement Products business unit in ABB’s Process Automation Division. Terms of the deal were not disclosed but it is expected to close in 3rd quarter 2013, subject to customary regulatory approvals. LGR’s revenues in 2013 are expected to be around $14 million dollars.
"LGR fills a gap in our technology portfolio and brings a host of new solutions that are vital to industrial customers, such as oil & gas production and transportation, combustion, emissions, power generation and environmental monitoring," said Kishore Sundararajan, global business unit manager in Measurement Products. "This technology has tremendous promise, and we look forward to combining it with our product development and channels to market."
The ABB Group of companies operates in around 100 countries and employs about 147,000 people. The company's North American operations headquartered in Cary, NC, employs more than 27,000 people.
SOURCE: ABB; http://www.abb.us/cawp/seitp202/bb5cdf982231b30685257b60004ce558.aspx