HORIBA announces the acquisition of the global assets of Photon Technology International
HORIBA announces the acquisition of the global assets of Photon Technology International, Inc. and its affiliate companies (Photon Technology International or PTI). HORIBA Instruments Inc. (based in the U.S.) and other HORIBA Scientific group companies have acquired PTI’s worldwide business assets with the aim of increasing market share in fluorescence spectroscopy by taking advantage of PTI's well established network in the biomedical field and their leadership position in such techniques as intracellular ion imaging.
These techniques are crucial in areas such as understanding cellular processes for regenerative medical therapies and developing next generation food and agricultural products, all applications with expectations for rapid growth.
Background of HORIBA’s fluorescence business
In 1997 HORIBA acquired Jobin Yvon, in France and the US, a world leader in spectroscopic analysis, expanding HORIBA’s technology to include visible light range. HORIBA’s Fluorescence Spectroscopy Division based in the US provides solutions for national institutions and universities for analyzing everything from proteins to cutting-edge materials such as carbon nanotubes and graphene oxide. Proven quality and trusted performance have established widespread confidence in the HORIBA Brand. HORIBA is the world leader in fluorescence spectroscopy with 15% global market share. (Source: SDI report, October 2012).