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ABB Buying Los Gatos Research

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Zurich-based industrialist ABB Ltd. (NYSE: ABB  ) has bought Los Gatos Research of Mountain View, Calif., ABB announced Friday.

Nineteen-year-old LGR, as its new acquisition is referred to, produces a line of high-performance, laser-based gas analyzers used to measure trace gases and isotopes for research and environmental monitoring. ABB intends to incorporate LGR's 40-employee team into its own Measurement Products business unit, within the ABB Process Automation Division.

ABB global business unit manager Kishore Sundararajan explained the purchase by noting that "LGR fills a gap in our technology portfolio and brings a host of new solutions that are vital to industrial customers, such as oil & gas production and transportation, combustion, emissions, power generation and environmental monitoring."

The purchase is scheduled to close in Q3 2013. Financial terms of the transaction were not disclosed.

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Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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