Bruker AXS Announces Acquisition of Hand-held XRF Company
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Bruker AXS Inc. has announced that it has acquired all of the shares of privately-held KeyMaster Technologies Inc. from KeyMaster's previous majority shareholder Advent International and other shareholders.
The share purchase agreement for KeyMaster was signed and the transaction was closed simultaneously on July 18, 2006.
As a new Bruker AXS subsidiary, KeyMaster will remain in its current location, and will continue under its current name and management team in order to provide hand-held XRF systems and miniaturized, light-weight X-ray technologies both to KeyMaster's present OEM customers, as well as to Bruker AXS.
John Landefeld, President of KeyMaster, stated, "We are very pleased that Bruker AXS has acquired our company, and our team is excited to get access to considerable additional resources within Bruker AXS."
"This acquisition by a highly respected major X-ray analysis company further validates KeyMaster's unique technology, and we expect numerous technological and applications synergies with Bruker AXS."
Frank Laukien, President of Bruker AXS, commented, "We cordially welcome the excellent KeyMaster team."
"After careful exploration, we have decided that Keymaster is the best partner for us to enter the rapidly growing hand-held XRF market."
"We are very pleased with KeyMaster's innovative and versatile, yet robust technology to serve this market both via OEM partners as well as via our own applications and market expertise."
"The KeyMaster technology is perfectly complementary to our existing X-ray analysis portfolio, and will be an enabling technology to pursue new miniaturized analytical solutions, particularly in fast-growing industrial applications."
