INFICON Acquires Assets of Photovac Inc., a US-based Specialist in VOC Detection Equipment
Acquisition Further Strengthens INFICON’s Position in Environmental Monitoring and Emergency Response Markets
Bad Ragaz/Switzerland / Syracuse/New York — November 15, 2011 — INFICON (SIX Swiss Exchange: IFCN), a leading manufacturer of instrumentation and process control software for the semiconductor and vacuum-coating industries and other industrial applications, has acquired the assets of Photovac Inc., a developer and manufacturer of volatile organic compound (VOC) detection equipment. The addition of Photovac’s products and sensor technology to the already proven line of chemical detection and monitoring systems will help INFICON expand its market reach.
Founded in 1975, Photovac Inc. is located in Waltham, Massachusetts, USA. The company has been a leader of VOC monitoring technology for several decades. Photovac products include handheld, portable and rack mounted instruments based on Photoionization Detection, Flame Ionization Detection and Gas Chromatography technology. Many of the company’s products are intrinsically safe and provide identification and quantification of potentially hazardous VOCs on-site, giving emergency and environmental response teams the information they need to make quick, accurate decisions about potentially dangerous situations.
Terms of the transaction were not disclosed.
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ABOUT INFICON
INFICON is a leading provider of innovative instrumentation, critical sensor technologies, and advanced process control software that enhance productivity and quality in sophisticated industrial vacuum processes. These analysis, measurement and control products are essential for gas leak detection in air conditioning/refrigeration, and automotive manufacturing. They are vital to equipment manufacturers and end-users in the complex fabrication of semiconductors and thin film coatings for optics, flat panel displays, solar cells and industrial vacuum coating applications. Other users of vacuum based processes include the life sciences, research, aerospace, packaging, heat treatment, laser cutting and many other industrial processes. We also leverage our expertise in vacuum technology to provide unique, toxic chemical analysis products for emergency response, security, and environmental monitoring. INFICON is headquartered in Switzerland and has world-class manufacturing facilities in Europe, the United States and China, as well as subsidiaries in China, Finland, France, Germany, Japan, Korea, Liechtenstein, Singapore, Switzerland, Taiwan, the United Kingdom and the United States. INFICON registered shares (IFCN) are listed on SIX Swiss Exchange. For more information about INFICON and its products, please visit www.inficon.com
This press release and oral statements or other written statements made, or to be made, by us contain forward-looking statements that do not relate solely to historical or current facts. These forward-looking statements are based on the current plans and expectations of our management and are subject to a number of uncertainties and risks that could significantly affect our current plans and expectations, as well as future results of operations and financial condition. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Bad Ragaz/Switzerland / Syracuse/New York — November 15, 2011 — INFICON (SIX Swiss Exchange: IFCN), a leading manufacturer of instrumentation and process control software for the semiconductor and vacuum-coating industries and other industrial applications, has acquired the assets of Photovac Inc., a developer and manufacturer of volatile organic compound (VOC) detection equipment. The addition of Photovac’s products and sensor technology to the already proven line of chemical detection and monitoring systems will help INFICON expand its market reach.
Founded in 1975, Photovac Inc. is located in Waltham, Massachusetts, USA. The company has been a leader of VOC monitoring technology for several decades. Photovac products include handheld, portable and rack mounted instruments based on Photoionization Detection, Flame Ionization Detection and Gas Chromatography technology. Many of the company’s products are intrinsically safe and provide identification and quantification of potentially hazardous VOCs on-site, giving emergency and environmental response teams the information they need to make quick, accurate decisions about potentially dangerous situations.
Terms of the transaction were not disclosed.
E-mail Alerts
To automatically receive notification via e-mail of the latest financial information from INFICON, sign up for e-mail Alert in the Investors section of the INFICON website at http://phx.corporate-ir.net/phoenix.zhtml?c=124424&p=irol-alerts&t=&id=&.
ABOUT INFICON
INFICON is a leading provider of innovative instrumentation, critical sensor technologies, and advanced process control software that enhance productivity and quality in sophisticated industrial vacuum processes. These analysis, measurement and control products are essential for gas leak detection in air conditioning/refrigeration, and automotive manufacturing. They are vital to equipment manufacturers and end-users in the complex fabrication of semiconductors and thin film coatings for optics, flat panel displays, solar cells and industrial vacuum coating applications. Other users of vacuum based processes include the life sciences, research, aerospace, packaging, heat treatment, laser cutting and many other industrial processes. We also leverage our expertise in vacuum technology to provide unique, toxic chemical analysis products for emergency response, security, and environmental monitoring. INFICON is headquartered in Switzerland and has world-class manufacturing facilities in Europe, the United States and China, as well as subsidiaries in China, Finland, France, Germany, Japan, Korea, Liechtenstein, Singapore, Switzerland, Taiwan, the United Kingdom and the United States. INFICON registered shares (IFCN) are listed on SIX Swiss Exchange. For more information about INFICON and its products, please visit www.inficon.com
This press release and oral statements or other written statements made, or to be made, by us contain forward-looking statements that do not relate solely to historical or current facts. These forward-looking statements are based on the current plans and expectations of our management and are subject to a number of uncertainties and risks that could significantly affect our current plans and expectations, as well as future results of operations and financial condition. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.