GrowthPoint Acted as Exclusive Financial Advisor to Innovative Photonic Solutions on its Acquisition by Metrohm
Photonic Solutions (IPS) from Monmouth Junction in New Jersey, USA, are pleased to announce the acquisition of IPS by Metrohm AG. The acquisition of IPS contributes to the strategic growth of Metrohm enhancing the company’s capabilities to further develop its portfolio of handheld Raman systems with industry leading solutions.
A key element of this acquisition is the commitment of both IPS and Metrohm to continue to supply IPS’s customers with the same commitment to on-time delivery and with the very highest overall product quality. IPS commitment to its customers’ needs will remain the same as well as its focus to innovate new products as the market demands.
John Connolly, CEO of IPS, stresses the broader distribution channels and stronger financial backing that the partnership will bring to IPS. “I’ve been very impressed with the exceptional values and can-do spirit of both Metrohm’s technical and business executives and I am looking forward to working with the Metrohm team.” Dieter Strohm, EVP and CTO of Metrohm, emphasizes that IPS will continue to operate its business as before, reporting directly to Metrohm HQ in Switzerland.
Founded in 1943 by the engineer Bertold Suhner, Metrohm is one of the world’s leading maker of instruments for chemical analysis. Metrohm is unique in offering solutions for all varieties of ion analysis. Besides this, the Metrohm portfolio also includes a complete portfolio for NIR-/ and Raman spectroscopy, software, dosing systems and solutions for laboratory automation. Metrohm is owned 100% by the Swiss Metrohm foundation and is represented in more than 120 countries by its own subsidiaries or exclusive distributors, respectively. Customers are supported with unparalleled application know-how and service.
> Read more about Metrohm
IPS is the largest producer of Raman spectroscopy diode-based light components in the world supplying the majority of the OEMs in the marketplace. Founded in 2003, the company’s products range from simple components such as packaged diodes to OEM modules including electronics to complete custom designed systems.