Eckert & Ziegler to buy German firms

Isotope technology firm Eckert & Ziegler beat out the competition to acquire assets of four companies previously owned by Gamma-Service Group in Saxony, Germany.

Gamma-Service Group specializes in the production of isotope products for medicine and industry and offers disposal services. The businesses being acquired include a manufacturer of blood irradiation devices, a specialty construction firm for laboratory and handling equipment, and a producer of industrial radiation sources. Together they employ approximately 150 people at four European locations and generated sales of around $22.4 million (20 million euros).

The transaction, valued at approximately 8 million euros ($10.3 million U.S.), is designed to strengthen Eckert & Ziegler's position in the global isotope market by expanding its product and customer portfolio.

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