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FEI Co To Buy Its Australian Distributor nanoTechnology Systems Pty. Ltd

Thursday, 1 Aug 2013 04:04pm EDT 

FEI Co announced that it has agreed to purchase nanoTechnology Systems Pty. Ltd. (NTS) of Melbourne, Australia. NTS has 15 employees primarily engaged in sales and service and has been FEI's distributor for over 10 years. NTS has been an important part of FEI's growth in Australia and New Zealand, including the development of the Natural Resources market. NTS also has incremental service and spare parts revenue related to FEI products. FEI expects the acquisition to be completed within the next two weeks and to be slightly accretive to earnings per share in the second half of 2013. 

Company Quote

0.05 +0.06%
20 Aug 2014