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MKS Announces Sale of Data Analytics Solutions Business to Sartorius Stedim BiotechANDOVER, Mass., April 03, 2017 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ:MKSI), a global provider of technologies that enable advanced processes and improve productivity, today announced that it has completed the sale of its Data Analytics Solutions business to Sartorius Stedim Biotech (Euronext Paris:DIM), a leading supplier to the biopharmaceutical industry, for $72.5 million on a cash and debt-free basis. MKS Data Analytics Solutions is a software business based in Malmö, Sweden that MKS acquired in 2006. The business develops and markets multivariate data analysis and modeling software particularly used by biotechnology and pharmaceutical companies and generated revenue of approximately $13 million in 2016. About MKS Instruments Company Contact: Seth H. Bagshaw Vice President, Chief Financial Officer and Treasurer Telephone: 978.645.5578 Investor Relations Contact: The Blueshirt Group Monica Gould Telephone: 212.871.3927 Email: [email protected] Lindsay Savarese Telephone: 212.331.8417 Email: [email protected] |