MILFORD, Mass.--(BUSINESS WIRE)--Aug. 28, 2006--Waters Corporation (NYSE: WAT) announced today the acquisition of all the outstanding capital stock of privately held Thermometric AB (Jarfalla, Sweden), a manufacturer of high-performance microcalorimeters, for approximately $2.5 million. Waters plans to merge the acquired business into its TA Instruments Inc. (New Castle, DE) operation. Thermometric has annual sales of approximately $4 million and this transaction is expected to be neutral to Waters 2006 earnings.
Commenting on the acquisition, Terry Kelly, President of TA Instruments said, "The technologies and products from Thermometric are complementary to our leading position in thermal analysis and will allow us to expand our business into new applications, especially in life science research."
Waters Corporation holds worldwide leading positions in three complementary analytical technologies - liquid chromatography, mass spectrometry and thermal analysis. These markets account for approximately $5 billion of the overall $20 - $25 billion analytical instrument market.
Thermometric AB operated as a privately held company in Jarfalla, Sweden. Their flagship product, the TAM III, is a modular calorimeter that employs proprietary technology to deliver unparalleled calorimetric sensitivity and temperature stability. It is routinely used to characterize materials, and their interactions, in the fields of pharmaceuticals, life and materials sciences.
Certain statements contained herein are forward looking. Many factors could cause actual results to differ from these statements, including delays in product introductions, loss of market share through competition, introduction of competing products by other companies, pressures on prices from competitors and/or customers, regulatory obstacles to new product introductions, lack of acceptance of new products, changes in the healthcare market and the pharmaceutical industry, changes in distribution of the Company's products, and foreign exchange fluctuations. Such factors and others are discussed more fully in the section entitled "Risk Factors" of the Company's annual report on Form 10K for the year ended December 31, 2005 and quarterly report on Form 10Q for the period ended July 1, 2006, as filed with the Securities and Exchange Commission, which "Risk Factors" discussion is incorporated by reference in this release.
CONTACT: Waters Corporation
Gene Cassis, 508-482-2349
Vice President of Investor Relations
SOURCE: Waters Corporation