Porvair plc Acquisition of Pulse Instrumentation
Porvair, the specialist filtration and environmental technology group, today announces the acquisition of the business and assets of Pulse Instrumentation ("Pulse"), a Canadian business focussed on environmental laboratory supplies.
Pulse manufactures and distributes water analysis products, principally supplying environmental laboratories in the Americas. Its main line of business is consumable lab-ware. The acquisition expands Porvair's capabilities in the water analysis market by increasing the installed base of laboratories served; widening the range of products offered; and increasing the proportion of consumables sold. Pulse will be integrated into Porvair's Microfiltration Division.
The acquisition will be immediately earnings enhancing.
Ben Stocks, CEO of Porvair plc, said:"Pulse complements our existing operations well. Porvair already has market leadership in the analysis of inorganic water contamination. Pulse will increase our customer base and product range, enabling us to pursue cross selling opportunities in the environmental laboratory market. We are grateful to the de Rooy family for their co-operation in this project."