Bruker Corporation announced the signing of a purchase agreement to acquire
Center for Tribology Inc. (CETR) for an undisclosed amount. CETR, a privately
held corporation located in Campbell,
Calif., is projected to
have calendar
year 2011 revenue greater than $10 million and EBITDA greater than $2 million.
The transaction is expected to close at the end of the third quarter of 2011,
subject to customary closing conditions.
After the closing, Bruker intends to continue to operate
CETR in Silicon Valley and to integrate its business
management, operations, research and development, sales, and support with the
Bruker Nano Surfaces division. It is anticipated that CETR will become a
separate Tribology and Indenting business, joining the current AFM (atomic
force microscope) and SOM (stylus and optical metrology) businesses in the Bruker
Nano Surfaces division.
Bruker Corporation,
www.bruker.com