LONDON — Spectris
plc has sold its Ircon in-line instrumentation business
to Fluke Electronics Corp. for $ 33 million on a debt
and cash-free basis and subject to a working capital
adjustment.
Ircon Inc (Niles, IL) was founded in 1962 and manufactures
non-contact infrared thermometers for measuring temperature.
Its products include on-line thermometers, portable
handheld thermometers, line scanners for thermal profiling
on web type products such as steel and glass, black
body calibration systems and accessories.
The products are used to indicate and control temperatures
in the glass, steel, paper, food, textile, heat treat,
semiconductor and plastic industries.
Spectris (Egham, England) principal
activity is developing and marketing precision instrumentation
and controls
and is the parent company of 14 individual businesses
including Brüel & Kjær Sound & Vibration
Transducers (Nærum Denmark), Fusion UV Systems
(Gaithersburg, MD), Malvern Instruments (Malvern, England),
PANalytical (Almelo, Netherlands), BTG (Eclepens, Switzerland),
Servomex (Crowborough, England) and HBM (Darmstadt,
Germany).
Until April 2006 it owned Arcom Control Systems Ltd
(Cambridge, England) and Arcom Control Systems Inc.
(Overland Park, Kansas) which were sold to Eurotech
(Amaro, Italy).
Fluke (Everett, WA) has been a wholly owned subsidiary
of Danaher Corp. (Washington, DC) since 1998 when it
was acquired for $625 million.
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