Vaisala has signed a contract to acquire a Canadian life science measurement system company
(Thomson Reuters ONE) -
Vaisala Oyj Stock exchange release 29 March 2010 at 09:00 a.m.
Vaisala strengthens its position in the life science market through the
strategic acquisition of Veriteq Instruments Inc., a continuous monitoring
system and data logger company based in Canada.
Veriteq is a leading provider of productized continuous monitoring systems and
data logger solutions for the life science industry comprising of
pharmaceutical, biotechnological and medical device companies. Veriteq
Instruments Inc., reached 5 MEUR net sales in 2009. The company employs
approximately 40 persons and it is located in Vancouver, Canada.
The value of the deal is 8.5 MEUR, including a conditional purchase price of
0.7 MEUR. The acquisition is expected to be closed on 31 March 2010.
Global life science industry is strictly regulated by international and national
authorities. In order to protect their high value goods and to comply with the
regulations, the companies need to monitor and control the conditions of their
critical environments such as cleanrooms, laboratories and warehouses.
Life science is a focus area for Vaisala's Controlled Environments business, and
the acquisition of Veriteq, with its life science emphasis, aligns perfectly
with Vaisala's strategy. The life science industry represents an extensive
market with a steady growth rate and demanding customers who are used to working
with companies that provide the most reliable products and services.
"Vaisala is currently known as an instrument provider in the global
pharmaceutical market. We want to strengthen our position by expanding our
offering both to pharmaceutical and other life science customers. The Veriteq
acquisition is a major step towards this goal, bringing additional knowhow,
customer base, products and services to Vaisala," says Pirjo Kortteisto,
Director of Cleanrooms and Chambers market segment.
About Vaisala
Vaisala is a global leader in environmental and industrial measurement. Building
on more than 70 years of experience, Vaisala contributes to a better quality of
life by providing a comprehensive range of innovative observation and
measurement products and services for meteorology, weather critical operations
and controlled environments. Headquartered in Finland, Vaisala employs over
1400 professionals worldwide and is listed on the Nordic Stock Exchange,
Helsinki. www.vaisala.com
About Veriteq
Veriteq Instruments Inc. provides reliable, high quality environmental
monitoring, alarming and validation solutions to the pharmaceutical,
biotechnical, medical device, aerospace/defense and calibration industries. The
company employs 40 persons, and is located in the greater Vancouver area in
Canada. www.veriteq.com
Further information:
Pirjo Kortteisto,
Director, Cleanrooms and Chambers
Tel. +358 40 839 1380
Liisa Ahtiluoto,
Communications Manager
Tel. +358 40 730 7695, email: liisa.ahtiluoto(at)vaisala.com
North America:
Theresa Mary Fischer
NA Corporate Communications Manager
Tel. +1 520 270 2712, email: theresa.fischer(at)vaisala.com
Distribution:
OMX Nordic Exchange Helsinki
Main media
[HUG#1398491]
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Datum: 29.03.2010 - 02:01 Uhr
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