FEI announced that it has acquired ASPEX Corporation of Delmont, Pa.
ASPEX provides rugged scanning electron microscopes (SEMs) and related services
for environmentally demanding military, industrial, and factory floor
applications.
“The ASPEX EXtreme SEM is an integral part of our QEMSCAN
WellSite solution for on-site oil and gas solutions,” noted Don Kania,
president and CEO of FEI. “With this acquisition, FEI now owns the essential
hardware and software that has been part of our rapid growth and expanding potential
in the Natural Resources business. In addition, ASPEX has a solid track record
of applications in a range of industrial markets, including metals, industrial
automation, defense, health sciences, and forensics.”
“Combining with FEI gives us resources, technology, and
market access to build on our success to date,” commented Gregory Ott,
president and chief operating officer of ASPEX. “In addition to
helping to develop the company’s Natural Resources opportunity, we believe
FEI’s technology strength and global reach will help us to expand further in
the other markets we serve.”
The purchase price for the acquisition is $30.5 million. Revenue
for ASPEX totaled $10.0 million, and the company was profitable for the fiscal
year ended June 30, 2011. Revenue has grown at a compound annual rate of 24%
since 2006.
FEI Company, www.fei.com