Spectris PLC Malvern Instruments and Panalytical to merge
December 02 2016 - 3:30AM
RNS Non-Regulatory
TIDMSXS
Spectris PLC
02 December 2016
SPECTRIS: MALVERN INSTRUMENTS AND PANALYTICAL TO MERGE
2 December 2016 - Spectris plc (SXS: LSE), the
productivity-enhancing instrumentation and controls company,
announces that effective 1 January 2017, Malvern Instruments
('Malvern') and PANalytical will be merging their activities. Both
Malvern and PANalytical are operating companies within the
Materials Analysis segment of Spectris.
The companies are both world leading suppliers of analytical
instrumentation, PANalytical for X-ray instrumentation and software
for the purpose of materials analysis and Malvern Instruments for
materials and biophysical characterisation technology. The combined
entity is a strong player in the materials characterisation market
and will be able to leverage the strengths of the individual
companies in their end markets.
The merger is being undertaken as there are clear benefits
through this more collaborative relationship, leveraging the very
strong brands and highly-skilled employees of the two companies, in
order to deliver a more complete range of products, solutions and
services to a broader set of markets and customers. This aligns
with the Spectris strategy of focusing on the supply of innovative
customer solutions, involving the provision of services, software
and related activities alongside the supply of equipment.
A new President of the merged operating company, Paolo Carmassi,
has been appointed, effective immediately. Paolo brings with him a
wealth of experience in global high-technology business management.
He was, most recently, Operating Partner at CSTS Healthcare, Ltd.,
a privately held software business developing artificial
intelligence solutions for personalised therapies in oncology.
Previously, Paolo spent 23 years with Honeywell Corporation, most
recently holding the position of President of the Aerospace
business in EMEA.
Peter van Velzen, President of PANalytical, and Paul Walker,
President of Malvern, will be retiring, as previously planned.
Eoghan O'Lionaird, Business Group Director responsible for the
Materials Analysis segment, says: "This is an exciting time for
Malvern and PANalytical. Joining the two companies will enable us
to leverage new resources to further grow our service offering and
add even more value to our clients and customers. This aligns
closely with the Spectris strategy of a shift in emphasis towards
the provision of complete solutions to our customers, allowing us
to better deliver this to our Malvern and PANalytical
customers."
- ENDS -
Contacts:
Spectris plc
Siobhán Andrews, Head of
Corporate Affairs +44 1784 470470
FTI Consulting
Richard Mountain / Susanne Yule +44 203 727 1374
ABOUT SPECTRIS
Spectris plc is a leading supplier of productivity-enhancing
instrumentation and controls. The Company's products and
technologies help customers to improve product quality and
performance, improve core manufacturing processes, reduce downtime
and wastage and reduce time to market. Its global customer base
spans a diverse range of end user markets. Spectris operates across
four business segments which reflect the applications and
industries it serves: Materials Analysis, Test and Measurement,
In-line Instrumentation and Industrial Controls. Headquartered in
Egham, Surrey, United Kingdom, the Company employs approximately
8,800 people located in more than 30 countries. For more
information, visit www.spectris.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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