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Heraeus Noblelight Group Acquires Fusion UV

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SURREY, England, and HANAU, Germany, Dec. 19, 2012 — Spectris plc has signed an agreement to sell its Fusion UV business group to Heraeus Noblelight, a unit of Heraeus Holding GmbH, for $172 million. Spectris, a testing and control equipment maker, will use the post-tax proceeds to pay down debt. The company said the sale is expected to hurt earnings by about 5 pence per share (about 8 cents) in 2013. Fusion UV, of Gaithersburg, Md., provides microwave-based ultraviolet curing systems and technology. Operating profits from the business were about $13 million in 2011. The book value of its tangible gross assets was about $27 million...Read full article

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    Published: December 2012
    Glossary
    photonics
    The technology of generating and harnessing light and other forms of radiant energy whose quantum unit is the photon. The science includes light emission, transmission, deflection, amplification and detection by optical components and instruments, lasers and other light sources, fiber optics, electro-optical instrumentation, related hardware and electronics, and sophisticated systems. The range of applications of photonics extends from energy generation to detection to communications and...
    AmericasAsia-PacificBusinessenergyEnglandEuropeFusion UVGermanyHeraeus HoldingHeraeus NoblelightindustrialLight SourcesMarylandphotonicsRainer KüchlerSpectrisultraviolet curing systemsUV light curingmergers & acquisitions

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