FEI, a leading instrumentation company providing imaging and analysis systems for research and industry, has acquired ASPEX Corporation of Delmont, PA. ASPEX provides rugged scanning electron microscopes (SEMs) and related services for environmentally demanding military, industrial and factory floor applications.
“The ASPEX EXtreme SEM is an integral part of our QEMSCAN WellSite solution for on-site oil and gas solutions,” noted Don Kania, president and CEO of FEI. “With this acquisition, FEI now owns the essential hardware and software that has been part of our rapid growth and expanding potential in the natural resources business. In addition, ASPEX has a solid track record of applications in a range of industrial markets, including metals, industrial automation, defence, health sciences and forensics.”
The purchase price for the acquisition is $30.5 million. Revenue for ASPEX totalled $10.0 million, and the company was profitable for the fiscal year ended June 30, 2011. Revenue has grown at a compound annual rate of 24% since 2006.