Detector Technology Acquires ETP Ion Detect
6 November 2018
Detector Technology, Inc., a leader in analytical instrument contract design and manufacturing, with its roots in mass spectrometry, announced the acquisition of industry-leading electron multiplier manufacturer ETP Ion Detect Pty Ltd ("ETP"), based in Sydney, Australia.
"The ETP acquisition substantially expands our product offering and realizes our market leading vision in mass spectrometry components, subassemblies and contract manufacturing," said Jay Ray, President and CEO of DeTech. "Combining our respective technologies allows us to provide world class solutions for next generation mass spectrometers, particularly in the robust clinical and life science applied markets."
Following the merger between DeTech and SIS in January of 2018, the addition of ETP enhances the group's manufacturing and engineering resources, allowing the aggregated group to accelerate development and prioritize value-added detection solutions for next generation client product lines.
"The synergies that both companies have with a customer-focused approach and high technical engagement is a great fit," said Colin Jump, CEO of ETP. "We are very excited to be part of the DeTech vision for providing leading-edge manufacturing and innovative products."
The DeTech parent company, which provides bespoke OEM R&D and production for a wide range of sample prep, automation, pumping and analytical solutions, will remain headquartered in Palmer, MA, while maintaining the recently-built world-class ETP manufacturing, development and support in Australia.
DeTech is a portfolio company of Ampersand Capital Partners. Financial terms of the ETP acquisition were not disclosed.