M&A Deal Summary

Process Insights Acquires ATOM Instrument

On November 11, 2019, Process Insights acquired test/measurement equipment company ATOM Instrument from Advanced

Acquisition Highlights
  • This is Process Insights’ 5th transaction in the Test/Measurement Equipment sector.
  • This is Process Insights’ 4th transaction in the United States.
  • This is Process Insights’ 3rd transaction in Texas.

M&A Deal Summary

Date 2019-11-11
Target ATOM Instrument
Sector Test/Measurement Equipment
Buyer(s) Process Insights
Sellers(s) Advanced
Deal Type Divestiture

Target

ATOM Instrument

Houston, Texas, United States
ATOM Instrument manufactures laboratory and online elemental analyzers for total sulfur-nitrogen applications in liquids, solids, and gases, providing practical and innovative measurement solutions to the petroleum, petrochemical and pipeline industries. ATOM Instrument was founded in 2013 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Process Insights

Houston, Texas, United States

Category Company
Founded 2017
Sector Test/Measurement Equipment
DESCRIPTION

Process Insights focus on process monitoring, analytics, control, and safety applications around the globe. The company's premium brands are used across a wide range of applications and end markets to ensure safe operations, increase product quality, and attain increasingly higher levels of efficiency and throughput in process industries. Sensors, monitors, detectors, analyzers, instrumentation, and software used in these applications are mission-critical to continually improve quality, reduce disruptions, downtime, and lost productivity, all while managing increasing regulatory complexity and operating cost in industrial processes. Process Insights was formed in 2017 and is based in Houston, Texas.


DEAL STATS #
Overall 5 of 8
Sector (Test/Measurement Equipment) 5 of 5
Type (Divestiture) 1 of 2
State (Texas) 3 of 3
Country (United States) 4 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-15 Tiger Optics

Warrington, Pennsylvania, United States

Tiger Optics offers gas analyzers, as well as atmospheric and cleanroom monitors based on Cavity Ring-Down Spectroscopy (“CRDS”) technology, a breakthrough discovery by Professor Kevin Lehmann, Ph.D., of Princeton University. From the cleanest of semiconductor fabs to the harshest coal-fired power plants, Tiger analyzers work to improve yields, reduce costs, and simplify regulatory compliance. Tiger Optics was founded in 2001 and is based in Warrington, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 Extrel

Pittsburgh, Pennsylvania, United States

Extrel is a manufacturer of research and process mass spectrometers, residual gas analyzers, systems and components based on quadrupole mass spectrometry technology. The company’s analytical and process instruments are used in both, industry for process optimization and regulatory compliance as well as research, where Extrel’s instruments are used by Nobel Laureates and many others in a variety of applications worldwide. Extrel was formed in 1964 and is based in Pittsburgh, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Advanced

Singapore, Singapore

Category Company
Founded 1993
Sector Energy Services and Equipment
Revenue 8M SGD (2023)
DESCRIPTION

Advanced Holdings is a specialist company which designs and supplies process equipment to cater to the different needs of its customers in the chemical and petrochemical, oil and gas, power generation and micro-electronics industries. Advanced Holdings was founded in 1993 and is based in Singapore.


DEAL STATS #
Overall 1 of 2
Sector (Test/Measurement Equipment) 1 of 1
Type (Divestiture) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Guided Wave

Rancho Cordova, California, United States

Guided Wave is a designer and manufacturer of complete analytical systems utilizing proven Near Infrared (“NIR”) and Ultraviolet/Visible (“UV-VIS”) spectroscopic technologies. Today Guided Wave is the only process NIR manufacturer that provides complete, optically-matched systems that yield the best throughput efficiency and long-term performance that exceed industry standards. Guided Wave was formed in 1983 and is based in Rancho Cordova, California.

Sell -