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Acquisition of Los Gatos Research by ABB

 

Client and Seller:  Los Gatos Research

Based in Mountain View California, Los Gatos Research (“LGR”) develops and manufactures a line of laser-based instruments for measuring trace gases, isotopes, greenhouse-gases (“GHG”) and pollutants. Based on proprietary and patented technology for cavity enhanced laser absorption methods, LGR’s instruments deliver high performance, portability and field-serviceability.  Major cavity-enhanced laser-based technologies, including Cavity-Ring-Down Spectroscopy (“CRDS”), Integrated-Cavity-Output Spectroscopy (“ICOS”) and

Off-Axis Integrated-Cavity-Output spectroscopy (“OA-ICOS”) were pioneered at LGR.

Buyer: ABB Ltd. 

ABB, formerly ASEA Brown Boveri, is a Swedish-Swiss multinational corporation headquartered in Zürich, Switzerland. Operating mainly in robotics, power, heavy electrical equipment, and automation technology areas.  ABB is a public company traded on the New York Stock Exchange (ABB).  It is ranked 341st in the Fortune Global 500 list of 2018 and has been a global Fortune 500 company for 24 years

Transaction Details:

“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,” said Kishore Sundararajan, global business unit manager in ABB’s Measurement Products business unit.  “ABB offers tremendous opportunity for LGR’s cavity enhanced laser absorption technology to reach a wider range of applications in the global market,” said Doug Baer, President, Los Gatos Research. “In addition to helping LGR broaden its product line to address new opportunities, this will also provide a great opportunity for our employees to grow in a large global organization.”  Terms were not disclosed.

Broker/Dealer:  OEM Capital

Completion:  May 2013