MILFORD, Mass.--(BUSINESS WIRE)--July 24, 2008--Waters Corporation (NYSE:WAT) today announced that it has completed the purchase of the net assets of VTI Corporation of Hialeah, FL for an undisclosed amount. Waters will immediately merge the acquired business into its TA Instruments Division.
VTI is a manufacturer of sorption analysis and thermogravimetric analysis (TGA) instruments which are widely used in the evaluation of pharmaceuticals, catalysts, and energy-related materials. Dr. Augie Venero, founder of VTI, and a pioneer in the field of sorption studies will join TA Instruments.
This acquisition adds two technologies which complement TA Instruments' existing gravimetric analysis product line. VTI sorption analysis products are designed for water and organic vapor sorption studies of pharmaceuticals and related materials. VTI Corporation has been a pioneer in this field for over 20 years, and VTI products are industry standards in pharmaceutical laboratories around the world. VTI's high-pressure, high-vacuum TGA products are designed for high-pressure sorption studies which are commonly used in the analysis of energy-related materials.
Terry Kelly, President of TA Instruments, comments on the acquisition:
"The addition of VTI further strengthens TA Instruments' industry-leading position in thermal analysis while expanding TA Instruments' exposure into the rapidly-growing pharmaceutical and energy markets."
About Waters Corporation:
Waters Corporation creates business advantage for laboratory-dependent organizations by delivering practical and sustainable innovation to enable significant advancements in such areas as healthcare delivery, environmental management, food safety, and water quality worldwide.
Pioneering a connected portfolio of separations science, laboratory information management, mass spectrometry and thermal analysis, Waters technology breakthroughs and laboratory solutions provide an enduring platform for customer success.
With revenue of $1.47 billion in 2007 and 5,000 employees, Waters is driving scientific discovery and operational excellence for customers worldwide.CONTACT: Waters Corporation
Gene Cassis, 508-482-2349
Vice President of Investor Relations
SOURCE: Waters Corporation