Date: Feb 01, 2012 Author: Brian Nearing Source: Times Union (
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EAST GREENBUSH — X-Ray Optical Systems, a family-founded maker of specialized imaging equipment, has been acquired by Danaher Corp., a global manufacturer of scientific equipment.
The acquisition of the 22-year-old company, which employs about 75 workers at its 15 Tech Valley Drive facility, was announced in January by Danaher Chief Executive Officer H. Lawrence Culp during a conference call with investors.
X-Ray Optical Systems, which makes sensors to detect contaminants and toxins such as lead in children's toys and other consumer products, was acquired by Hach Lange, an affiliate of Danaher. Danaher has 59,000 workers in more than 125 countries and had $16 billion in revenue last year.
Culp did not disclose the purchase price or the company's plan for X-Ray, also known a XOS.
Calls to XOS Chief Executive Officer David Gibson for comment Friday were not returned. Calls to Matthew McGrew, Danaher's vice president of investor relations, also were not returned.
XOS was founded by Gibson's father, Walter Maxwell Gibson, the former chairman of the physics department at the University at Albany; he died in May 2009. The elder Gibson also worked at Bell Telephone Laboratories to help develop the Telstar communications satellite in the early 1960s.
XOS devices are used to analyze materials in semiconductors and other applications, and detect substances such as sulfur and chlorine in petroleum.
bnearing@timesunion.com • 518-454-5094 • @Bnearing10
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