Deal Details

Acquisition of Innov-X Systems, Inc.

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Summary

About

Olympus NDT Corporation (“Olympus NDT”), a U.S. subsidiary of Japan-based Olympus Corporation (“Olympus”), recently completed the acquisition of Innov-X Systems, Inc. (“Innov-X”) from shareholders including management and Summit Partners.

Innov-X is a global developer, manufacturer and supplier of portable X-ray fluorescence analyzers that are used to determine the types and amounts of elements that make up objects by irradiating them with small amounts of X-rays. This non-destructive technology provides a quick and accurate way to carry out elemental analyses of a variety of substances, including solids, powders and liquids. It is used worldwide in applications ranging from metal sorting, lead paint detection, and alloy verification to analysis of oil, fluids, and minerals.

Olympus develops, manufactures and sells a wide range of industrial equipment, including industrial microscopes and non-destructive testing equipment (industrial videoscopes, ultrasonic and eddy current flaw detectors). Industrial microscopes are used mainly to observe and measure minute surface profiles, while non-destructive testing equipment is used to inspect for internal flaws of parts and structures in petrochemical plants, aircraft and manufacturing facilities. By supplying these types of industrial instruments, Olympus is contributing to the productivity of industries and the safety of society.

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