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MKS Instruments, Inc., a global provider of instruments, subsystems and process control solutions that measure, control, power, monitor and analyze critical parameters of advanced manufacturing processes, announces the acquisition of Precisive, LLC, for $13 million in an all-cash transaction.
Precisive is a developer of optical analyzers based on Tunable Filter Spectroscopy (TFS), which provide real-time gas analysis in the natural gas and hydrocarbon processing industries, including refineries, hydrocarbon processing plants, gas-to-power machines, biogas processes and fuel gas transportation and metering. The Precisive TFS sensor platform has been on the market since 2008 with more than 2500 systems deployed.
The acquisition of Precisive will help MKS to further develop its business in the process and environmental markets, bringing along a technology that both helps to lower the cost of instrumentation for analytical measurements in applications with harsh operational requirements; as well as complements MKS' existing Fourier Transform Infrared Spectroscopy (FTIR) based gas analysis systems. This acquisition should help to open up additional opportunities in the energy market for MKS across multiple product lines.
Keywords: Gas Analysis, Hydrocarbon Processing Industries, Optical Analyzers,, ARC Advisory Group.