Analytik Jena Signs Agreement to Acquire Bruker's ICP-MS Business
Analytik Jena announced that it has signed a binding agreement to acquire the ICP-MS business of Bruker Corporation. The transaction is expected to close in September 2014. With this acquisition, Analytik Jena will enter the rapidly growing global ICP-MS (Inductively Coupled Plasma Mass Spectrometry) market. Analytik Jena will thereby further broaden its atomic spectroscopy portfolio, and will be among the few suppliers that offer all three core technologies for elemental trace analysis (AAS, ICP-OES & ICP-MS).
As part of the purchase, Analytik Jena will acquire or license the entire product know-how belonging to Bruker's ICP-MS product segment including patents and licensing rights, as well as global research, development and production capacities. Furthermore, Analytik Jena anticipates that it will hire from Bruker the majority of the ICP-MS research employees, the sales and application teams and particularly also the employees working in technical support and service. These assets and employees are expected to be integrated into the largest business unit Analytical Instrumentation at Analytik Jena.
In the year 2013, Bruker generated revenue of approximately USD 12 million with its ICP-MS business, which it had acquired from Varian Inc. in 2010. The global ICP-MS market is expected to be among the fastest growing markets in the area of spectroscopy with annual growth rates between 5% and 8% percent over the next five years. High growth rates are expected for Analytik Jena's most important export market, China in particular.
ICP-MS technology is used as an analysis method for detecting a broad range of elements and has become one of the more popular methods of trace element analysis due to its sensitivity and level of quantitative precision. This precision is achieved through the ionization and atomization of the sample in an inductively coupled plasma and the subsequent use of a mass spectrometer to separate and quantify the atomic ions.
The ICP-MS method is used in geochemistry, materials science, semiconductor analysis, food tests, pharma-clinical analyses, forensics and environmental studies and is globally one of the most sought-after technologies by customers thanks to its high level of sensitivity.