Author: Brenda Marie Rivers|| Date Published: February 28, 2020
Adaptas Solutions, an Ampersand Capital Partners portfolio company, has agreed to purchase an L3Harris Technologies subsidiary and business unit that manufacture power supplies designed for analytical equipment.
Financial terms of the deal were not disclosed and Adaptas said Wednesday acquiring Applied Kilovolts and the analytical instrumentation business from L3Harris is part of a strategy to expand mass spectrometer component offerings.
UK-based Applied Kilovolts produces high-voltage power supplies for mass spectrometry, while the other unit builds similar power devices as well as ion detectors for various applications such as homeland security, forensics and biotechnology.
Adaptas is headquartered in Palmer, Mass., and offers products and services to the analytical and laboratory equipment manufacturing industry. The company expects to close the transaction by mid-year.
Jay Ray, president and CEO of Adaptas, said the company seeks to incorporate L3Harris’ CeraMAX ion detection technology in efforts to drive innovation for mass spectrometry original equipment manufacturing customers.
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