Johnson Matthey buys US NOx control systems firm for $10m

01 October 2009 11:24  [Source: ICIS news]

LONDON (ICIS news)--Specialty chemicals company Johnson Matthey has bought the assets of a US company that designs systems to control oxides of nitrogen (NOx) emissions for $10m (€6.8m/£6.3), the UK company said on Thursday.

 

The company, Applied Utility Systems (AUS), which is located in Southern California and employees 20 people, was bought for $8.5m in cash with a further $1.5m being subject to contingencies, the company added in a statement.

 

“The acquisition of AUS establishes Johnson Matthey’s Stationary Emissions Control (SEC) business as a SCR system supplier in these market segments,” it said.

 

“It will enable Johnson Matthey to increase its sales of catalysts and emission control systems into the growing global market for NOx control systems into the growing global market for NOx control and to expand the range of applications that its SEC business serves,” it said.

 

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By: Lucy Craymer
+44 20 8652 3214



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