PROCESS & ENVIRONMENTAL

WITec acquires majority of omt to target industrial applications

Nano-analytical microscopy expert WITec GmbH has acquired a

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ICx to be purchased by thermal imaging firm

Security technology firm ICx Technologies Inc (Arlington, VA) looks set to be acquired by FLIR Systems Inc (Wilsonville, OR), after the thermal imaging

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Princeton Security nears profitability

Princeton Security Technologies Inc, the Nevada-based holding company of Princeton Gamma-Tech Instruments Inc (Princeton, NJ), a developer of X-ray and Gamma-ray detectors and spectroscopy systems for homeland security applications, reported second quarter 2010 sales of $455,000, and increase of 11%, narrowing its net loss to $93,000. This, and an order backlog of over $1 million, gives the company the believe that it has turned a corner.

Princeton’s technology goes back to the early 1970ies, when it produced the first commercial HPGe (high purity Germanium) planar detector. It was founded by management and scientific staff as independent company in February 2005, after its then owner, mining giant Outokumpu, was looking to divest its detector and microanalysis business. Princeton sold its microanalysis business to Bruker Biosciences in November 2005 to concentrate on the detector business sector within the homeland security industry, which promised to be more profitable. Now, five years after the buy-out, Princeton offers a portfolio of 10 products, including the SAM Defender, and portable isotope identification and radiation monitoring instruments, and the MCA2500R QCC linear digital multi-channel analyser and spectroscopic area monitor.

Ibsen Photonics snapped up by Foss

Foss A/S (Hillerød, Denmark), a major producer of analytical instrumentation for the global food industry, has bought the majority of its strategic partner Ibsen Photonics A/S (Farum, Denmark), a developer

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Strong sales and order book leaves Renishaw optimistic

Record sales in the final quarter and an accelerating order intake throughout the period meant that revenues for Renishaw plc (Wotton-under-Edge, England) in fiscal 2010 ended

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X-Rite back in profit as markets improve

Colour measurement specialist X-Rite Inc (Grand Rapids, MI) announced a welcome return to profit in the second

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Chip test demand drives Teradyne to record earnings

The continued recovery of the semiconductor industry allowed Teradyne Inc (North Reading, MA) to achieve its highest earnings

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Parker Hannifin beats Wall Street targets

The combined Industrial divisions of motion-control giant Parker Hannifin Corp (Cleveland, OH) continued to grow strongly

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SPX still hit by soft markets

Although the acquisition in February this year of the Germany food procession technology firm Gerstenberg Schroeder AS (GS) added around 3% to its sales, revenues from the Flow Technology segment of SPX Corp (Charlotte, NC) in the second calendar

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Raised guidance lifts Nova’s shares by almost a quarter

Improved demand from a strengthening semiconductor industry allowed Nova Measuring Instruments Ltd (Rehovot, Israel) to return

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