Specialty chemicals company ALTANA (Wesel, Germany) has acquired the business of Imaginant Inc. (Pittsford, New York, USA), a developer and manufacturer test and measurement instruments based on ultrasound. With this acquisition, ALTANA has strategically expanded its BYK division and entered the growth market of the semiconductor industry by integrating its newest acquisition into BYK-Gardner.
Imaginant’s test and measurement instruments are used for quality assurance in many industrial applications, such as determining coating thickness through nondestructive testing. In the semiconductor industry, the company’s devices are used in scanning acoustic microscopes for the detection of delamination, cracks, and cavities inside electronic components.
As part of the acquisition, BYK is also taking over Imaginant’s production facility located in Rochester, New York. With a total of 34 employees, the company has supplied products to customers on all continents since its founding in 1986.
“Imaginant’s technological expertise in the development and manufacturing of high-frequency ultrasonic measuring instruments complements BYK-Gardner’s strengths as a specialist in innovative high-tech instruments for testing color, gloss, and physical properties,” says Dr. Tammo Boinowitz, a member of the management board of ALTANA AG and the president of the BYK division. “By integrating these measurement technologies into our software and services, we intend to further simplify our customers’ production processes and drive the digitalization of the industry.”
“The acquisition of Imaginant by BYK-Gardner will enable us to develop new and innovative test and measurement instruments that realize the full potential of our ultrasound technologies,” says Imaginant CEO Dr. Todd Jackson. “This will be beneficial to both our customers and our employees.”
Shasta Partners LLC acted as exclusive financial advisor to Imaginant on the transaction, which is still subject to customary closing conditions. The parties have agreed not to disclose the acquisition price.
Source: BYK, www.byk.com.