Home > News > Analytical Nano buys Newton Instrument for 247,000 stg
February 22nd, 2008
Analytical Nano buys Newton Instrument for 247,000 stg
Abstract:
Analytical NanoTechnologies PLC (ANTnano) said it has acquired Newton Instrument Co Ltd for 247,000 stg, of which 220,000 stg is payable in cash in instalments over three months, and the rest in shares.
The nanotechnology air-monitoring equipment manufacturer said Newton Instrument, the air sampler manufacturing division of the Newton Industrial Group Ltd made profits of 45,486 stg on turnover of 175,170 stg for 2007.
ANTnano, which recently announced its attention to list on London's Alternative Investment Market, will take over the manufacturing of Newton's main product, the Newton Galley Sampler - the industry standard machine for high volume air sampling with over 600 installations worldwide.
Source:
forbes.com
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