PRZOOM - /newswire/ -
Cary, NC, United States, 2013/05/03 - Enhanced laser capabilities expand measurement products and services in oil and gas, electric power and other industrial sectors - LGRInc.com / ABB.com. NYSE: ABB
ABB, a global leader in electric power and automation, announced today that it has agreed to acquire Los Gatos Research (LGR) of Mountain View, California, to add a new line of high-performance gas analyzers to ABB’s leading measurement business.
The 19-year-old, nearly 40-person LGR provides analyzers and services to a wide range of customers needing real-time measurement of trace gases and isotopes for research and environmental monitoring. LGR's novel and innovative laser-based measurement strategies allow for non-destructive analysis of gases and liquids. The company’s analyzer technology is based on Off-Axis Integrated Cavity Output Spectroscopy (OA-ICOS) that has a substantially higher sensitivity, precision and accuracy than other traditional sampling and laser-based technologies. LGR’s employees will join the global Measurement Products business unit in ABB’s Process Automation Division. Terms of the deal were not disclosed but it is expected to close in 3rd quarter 2013, subject to customary regulatory approvals. LGR’s revenues in 2013 are expected to be around $14 Million.
“LGR fills a gap in our technology portfolio and brings a host of new solutions that are vital to industrial customers, such as oil & gas production and transportation, combustion, emissions, power generation and environmental monitoring,” said Kishore Sundararajan, global business unit manager in Measurement Products. “This technology has tremendous promise, and we look forward to combining it with our product development and channels to market.”
ABB's Measurement Products business unit (abb.com/measurement) is among the world's leading manufacturers and suppliers of instrumentation and analyzers. With thousands of experts around the world and high-performance technology, ABB's team is dedicated to making measurement easy for its customers. “ABB offers tremendous opportunity for LGR’s cavity enhanced laser absorption technology to reach a wider range of applications in the global market,” said Doug Baer, President, Los Gatos Research. “In addition to helping LGR broaden its product line to address new opportunities, this will also provide a great opportunity for our employees to grow in a large global organization.”
ABB (abb.com) is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs about 147,000 people. The company's North American operations headquartered in Cary, N.C., employs more than 27,000 people.
About Los Gatos Research (LGR)
LGR (lgrinc.com) is a leading producer of precise, rugged and reliable instruments for measurements of trace gases and isotopes. LGR’s instruments have been deployed by scientists for acquiring the most accurate measurements possible on all seven continents, in unmanned aerial vehicles, in mobile laboratories, on research and commercial aircraft, and in undersea vehicles.