BILLERCA, MA-Bruker Corp. announced the signing of a purchase agreement to acquire Center for Tribology Inc. (CETR) for an undisclosed amount. CETR, a privately held corporation located in Silicon Valley in Campbell, CA, is projected to have calendar year 2011 revenue greater than $10 million and EBITDA greater than $2 million. The transaction is expected to close at the end of the third quarter of 2011, subject to customary closing conditions.
After the closing, Bruker intends to continue to operate CETR in Silicon Valley and to integrate its business management, operations, research and development, sales and support with the Bruker Nano Surfaces division. It is anticipated that CETR will become a separate tribology and indenting business, joining the current AFM (atomic force microscope) and SOM (stylus and optical metrology) businesses in the Bruker Nano Surfaces division.
For more information, visit www.bruker-axs.com/nano.html