Johnson Matthey Buys Applied Utility Systems
Johnson Matthey announced today that it has purchased the assets of Applied Utility Systems Inc. from Catalytic Solutions Inc. for US $8.5 million in cash plus US $1.5 million subject to certain contingencies.
Applied Utility Systems (AUS) is located in Southern California and employs 20 people. It designs and supplies selective catalytic reduction (SCR) systems for controlling emissions of oxides of nitrogen (NOx) in a wide range of applications. These include gas turbines for power generation, industrial boilers, steam generators and process heaters, all of which are subject to increasingly strict emissions standards around the world.
The acquisition of AUS establishes Johnson Matthey's Stationary Emissions Control (SEC) business as a SCR system supplier in these market segments, complementing its existing NOx emission control business activities for coal fired power plants, process industries and internal combustion engines for power generation and marine applications. It will enable Johnson Matthey to increase its sales of catalysts and emission control systems into the growing global market for NOx control and to expand the range of applications that its SEC business serves.
Commenting on the transaction, Neil Carson, Chief Executive of Johnson Matthey said: "The acquisition of Applied Utility Systems is a further step in our strategy of making bolt-on acquisitions in our core business area of environmental technologies. It will enhance the capability of our Stationary Emissions Control business to serve a greater range of applications for controlling harmful NOx emissions."
Enquiries:
Ian Godwin Director,
IR and Corporate Communications
020 7269 8410
Sally Jones
Public Relations Manager
020 7269 8407
Howard Lee
The HeadLand Consultancy
020 7367 5225
Dudley White
The HeadLand Consultancy
020 7367 5226
www.matthey.com
Johnson Matthey Public Limited Company
40-42 Hatton Garden London EC1N 8EE
Tel: +44 (0)20 7269 8400
