WALTHAM, Mass., June 30 /PRNewswire-FirstCall/ -- Thermo Electron Corporation , the world leader in analytical instruments, today announced it has acquired EGS Gauging of Wilmington, Mass. EGS is a leading manufacturer of measurement and control instruments for web process applications in the plastics processing and converting industries. The acquisition enables Thermo, already a top manufacturer of thickness measurement and coating weight gauges for the steel and aluminum industries, to enhance its gauging portfolio for web processing applications. Terms of the deal were not disclosed.
“We are very excited to welcome EGS Gauging to Thermo. The addition of EGS Gauging will allow Thermo to offer an even more comprehensive range of solutions for our customers,” said Marijn E. Dekkers, president and chief executive officer of Thermo Electron. “We also bring our global presence and world class customer support to EGS Gauging’s extensive customer base.”
About Thermo Electron
Thermo Electron Corporation is the world leader in analytical instruments. Our instrument solutions enable our customers to make the world a healthier, cleaner and safer place. Thermo’s Life and Laboratory Sciences segment provides analytical instruments, scientific equipment, services and software solutions for life science, drug discovery, clinical, environmental and industrial laboratories. Thermo’s Measurement and Control segment is dedicated to providing analytical instruments used in a variety of manufacturing processes and in-the-field applications, including those associated with safety and homeland security.
The following constitutes a “Safe Harbor” statement under the Private Securities Litigation Reform Act of 1995: This press release contains forward-looking statements that involve a number of risks and uncertainties. Actual results may differ materially from those indicated by these forward- looking statements as a result of various important factors, including those discussed in our most recent Form 10-Q under the caption “Risk Factors,” which is on file with the Securities and Exchange Commission and available in the “Investors” section of our website under the heading “SEC Filings.” These include risks and uncertainties relating to: the need to develop new products and adapt to significant technological change; implementation of strategies for improving internal growth; use and protection of intellectual property; dependence on customers’ capital spending policies and government funding policies; realization of potential future savings from new productivity initiatives; dependence on customers that operate in cyclical industries; general worldwide economic conditions and related uncertainties; the effect of changes in governmental regulations; exposure to product liability claims in excess of insurance coverage; implementation of our branding strategy; identification, completion and integration of new acquisitions and potential impairment of goodwill from previous acquisitions; retention of contingent liabilities from businesses we sold; and the effect of exchange rate fluctuations on international operations. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change and, therefore, you should not rely on these forward-looking statements as representing our views as of any date subsequent to today.
Media Contact Information: Investor Contact Information: Lori Gorski Kenneth J. Apicerno Phone: 781-622-1242 Phone: 781-622-1111 E-mail: lori.gorski@thermo.com E-mail: ken.apicerno@thermo.com Website: http://www.thermo.com
Thermo Electron Corporation
CONTACT: Lori Gorski, +1-781-622-1242, lori.gorski@thermo.com, or KennethJ. Apicerno, +1-781-622-1111, ken.apicerno@thermo.com, both of ThermoElectron
Web site: http://www.thermo.com//
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