Porvair Acquires Thomas Cain for undisclosed Sum
LONDON--Porvair PLC (PRV.LN), a filtration and environmental technology group, Thursday announced the acquisition of Thomas Cain Inc. for undisclosed sum, and said that it has signed a technology licensing agreement with Thermo Electron Manufacturing Ltd.
-Acquisition will add a complementary range of block digestion instruments and consumables to Seal's water quality analysis products.
-Business will be integrated into Seal Analytical's operation in Wisconsin, U.S..
-Thomas Cain is a manufacturer of environmental laboratory equipment and consumables.
-Under the technology agreement, Porvair and Thermo will commercialise an exclusive range of life science sample preparation filters.
-Porvair has licensed its filter technology and will manufacture the products; Thermo will undertake sales and marketing of the filters worldwide.
-Thermo Electron Manufacturing Ltd, is a division of Thermo Fisher Scientific (TMO).
-Shares of Porvair on Wednesday closed at 245 pence, valuing the company at GBP107 million.
-Write to Tapan Panchal at firstname.lastname@example.org
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