MKS Announces Sale of Data Analytics Solutions Business to Sartorius Stedim Biotech
04 April 2017 - 4:10AM
MKS Instruments, Inc. (NASDAQ:MKSI), a global provider of
technologies that enable advanced processes and improve
productivity, today announced that it has completed the sale of its
Data Analytics Solutions business to Sartorius Stedim Biotech
(Euronext Paris:DIM), a leading supplier to the biopharmaceutical
industry, for $72.5 million on a cash and debt-free basis.
MKS Data Analytics Solutions is a software business based in
Malmö, Sweden that MKS acquired in 2006. The business
develops and markets multivariate data analysis and modeling
software particularly used by biotechnology and pharmaceutical
companies and generated revenue of approximately $13 million in
2016.
About MKS InstrumentsMKS Instruments, Inc. is a
global provider of instruments, subsystems and process control
solutions that measure, control, power, monitor, and analyze
critical parameters of advanced manufacturing processes to improve
process performance and productivity. Our products are derived from
our core competencies in pressure measurement and control, flow
measurement and control, gas and vapor delivery, gas composition
analysis, residual gas analysis, leak detection, control and
information technology, ozone generation and delivery, RF & DC
power, reactive gas generation, vacuum technology, photonics,
sub-micron positioning, vibration isolation and optics. Our primary
served markets include semiconductor capital equipment, general
industrial, life sciences and research. Additional
information can be found at www.mksinst.com.
Company Contact: Seth H. Bagshaw
Vice President, Chief Financial Officer and Treasurer
Telephone: 978.645.5578
Investor Relations Contact: The Blueshirt Group
Monica Gould
Telephone: 212.871.3927
Email: monica@blueshirtgroup.com
Lindsay Savarese
Telephone: 212.331.8417
Email: lindsay@blueshirtgroup.com
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