M&A Deal Summary

Praxair Acquires Tracer Research

On November 11, 2002, Praxair acquired technology hardware company Tracer Research

Acquisition Highlights
  • This is Praxair’s 1st transaction in the Technology Hardware sector.
  • This is Praxair’s 11th transaction in the United States.
  • This is Praxair’s 1st transaction in Arizona.

M&A Deal Summary
Date 2002-11-11
Target Tracer Research
Sector Technology Hardware
Buyer(s) Praxair
Deal Type Add-on Acquisition

Target

Tracer Research

Tuscon, Arizona, United States
Tracer Research Corp. is a provider of specialized services for leak detection and cathodic protection (corrosion control) of pipelines and storage tanks. Tracer Research interprets data from its proprietary processes in order to verify and locate leaks, and also installs specialized cathodic protection systems.

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Buyer(S) 1

Buyer

Praxair

Danbury, Connecticut, United States
Category Company
Founded 1907
Sector Chemicals
Revenue 10.5B USD (2016)
DESCRIPTION
View of Praxair's corporate headquarters in Danbury, Connecticut.
View of Praxair's corporate headquarters in Danbury, Connecticut.

Praxair is an industrial gases company that produces, sells, and distributes atmospheric and process gases, and high-performance surface coatings. The company's products, services, and technologies serve a variety of industries including aerospace, chemicals, food and beverage, electronics, energy, healthcare, manufacturing, metals, and others. Praxair was formed in 1907 and is based in Danbury, Connecticut.

DEAL STATS #
Overall 12 of 58
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 12 of 51
State (Arizona) 1 of 2
Country (United States) 11 of 46
Year (2002) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-10-04 Madison CMP Group

Salem, New Hampshire, United States

Madison CMP Group, Inc. is a manufacturer of polishing belts and pads used in the chemical mechanical planarization (CMP) procemss during semiconductor manufacturing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-03 Praxair - Polish Business

Poland

Praxair - Polish Business produces, sells and distributes atmospheric and process gases, and high-performance surface coatings.

Sell $50M
Mergr

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Company

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