This is the Company’s Second Acquisition in Less Than 45 Days
Micromeritics Instrument Corporation, a leading global manufacturer of premium products for advanced material characterization, recently announced the acquisition of Process Integral Development S.L. (PID Tech & Eng). PID Eng & Tech provides modular laboratory microreactor systems for the measurement of catalytic activity and for the study of yield and kinetics of chemical reactions.
In addition, they offer standard pilot plant systems and specialized lab equipment. They also work closely with clients to design, build and commission bespoke pilot scale equipment. The target markets for PID Eng & Tech products and services include universities, research centers, and private sector industrial companies, whose activities are focused in the fields of basic chemistry, petrochemistry, environment, catalysis, agrochemistry and food technology, supercritical fluid extraction and new energies.
“This acquisition solidifies a relationship we have had with the company,” said Preston Hendrix, President of Micromeritics. “We have been distribution partners for PID Eng & Tech for several years. This deepens our portfolio of products and services for the characterization of catalysts, where we are already active and have a large global base of customers. Additionally, PID Eng & Tech adds breadth to our organization by addressing adjacent workplaces within the markets we serve with their pilot plant, custom equipment and services offering.”
Aleix Bargans, Chairman and President of PID Eng & Tech added, “Micromeritics offers the infrastructure and global reach to accelerate the growth of the PID Eng & Tech business. We are happy that our team will be joining Micromeritics.”
Last month Micromeritics acquired Tewkesbury, UK-based Freeman Technology, which specializes in providing instruments for the measurement of powder flow properties and other behavioral properties of powders.
About Micromeritics Instruments Corporation
Micromeritics Instruments Corporation, a privately held company headquartered in Norcross, Georgia USA, is a leading global provider of high quality scientific instrumentation for material characterization. In business for over 55 years, Micromeritics offerings include techniques for characterization of density/volume, surface area and porosity, physical and chemical adsorption, size and shape of particles, porous materials and powders. In addition to designing, building and selling its own instrumentation, Micromeritics, under its Particulate Systems brand, also offers complementary OEM and private label instruments through the Micromeritics global sales channel and distributor partners. Micromeritics also operates fee-for-service testing, certification and methods development laboratories under the Particle Testing Authority and Porotechnology brands in Asia (Shanghai, China); the Americas (Norcross, GA / Kingwood, TX USA); and Europe (Aachen, Germany). Micromeritics also recently completed the acquisition of Freeman Technology Corporation, Ltd of Gloucestershire, UK adding significant capabilities and products for powder handling and characterization.
About Process Integral Development S.L. (PID Eng &Tech)
Process Integral Development S.L. (PID Eng &Tech) was established in 2003 as a spin-off company from the Spanish Council for Scientific Research (CSIC) with a head office in the Scientific Park of Madrid, Spain. In 2014, PID Eng &Tech opened new facilities and are currently located in Alcobendas (Madrid). Its staff is formed by experts with multidisciplinary backgrounds in chemical engineering, electronics, automation and software engineering.
Financial terms of the acquisition were not disclosed.