Bruker Completes Divestiture of its Gas Chromatography Product Lines
FREMONT, Calif. -- Bruker Corporation (NASDAQ: BRKR) today announced that it completed the divestiture of its Gas Chromatography (GC) and GC single-quadrupole (GC-SQ) mass spectrometry products to Techcomp Europe Ltd., a subsidiary of Techcomp (Holdings) Ltd, on October 31st, 2014. Techcomp intends to continue to manufacture the former Bruker GC and GC-SQ SCION™ products in the Fremont, CA, factory previously occupied by Bruker’s Chemical and Applied Markets (CAM) division.
Selected Bruker CAM GC and GC-SQ sales, marketing, applications and operations employees are expected to be offered positions with Techcomp. Bruker will continue to provide service and support for all GC and GC-SQ products worldwide. As part of the transaction, Techcomp has a deferred option to acquire the service business for GC and GC-SQ products in the next twelve months.
The GC product line divestiture is an important part of Bruker’s restructuring of its CAM division, which was announced in July 2014. In September 2014, Bruker’s CAM division already had divested its Inductively-Coupled Plasma Mass Spectrometry (ICP-MS) product line and service business to Analytik Jena AG.
In addition, Bruker is in the process of relocating the manufacturing of its GC triple-quadrupole and LC triple-quadrupole (GC-TQ and LC-TQ) mass spectrometers from Fremont, CA to Bremen, Germany, with GC-TQ and LC-TQ product research and development being transferred to Bruker’s major mass spectrometry sites in Bremen and Billerica, MA. Bruker will continue to service and support its GC-TQ and LC-TQ products indefinitely. The Bruker-internal transfer of its GC-TQ and LC-TQ business is expected to be finalized in the first half of 2015.