Acquisition
01 Octubre 2009 - 1:00AM
UK Regulatory
TIDMJMAT TIDMCTS TIDMCTSU
RNS Number : 0265A
Johnson Matthey PLC
01 October 2009
For release at 7.00 am on Thursday 1st October 2009
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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