Heraeus acquires spectral technologies group a division of IST

We advised Heraeus

HSCie Customer

Heraeus Noblelight GmbH, Kleinostheim, Germany
Heraeus Noblelight manufactures special light sources, such as infrared heaters and ultraviolet lights. With its subsidiaries in the USA, China and the UK, and over 500 employees, it generates a turnover of around € 65 million.
Heraeus Kulzer is part of the Heraeus corporation, one of Germany’s largest family enterprises active in the field of precious metal trading, precious metal products, dental products, sensorics, laboratory equipment, medical technology, special lamps and quartz glass, which all together yields € 8 billion in sales.

Companies involved

IST Corporation, Elmira, New York, USA
The IST Corporation, with a workforce of around 300, manufactures imaging and sensorics equipment that is used especially in hazardous substance industries such as the nuclear industry.


Acquisition of the Spectral and Technologies Group, Elmira, New York, and Puerto Rico. The company produces special light sources for spectroscopy, high-pressure liquid chromatography, atomic absorption spectroscopy and other analytical measurement methods. These are distributed worldwide by the IST corporation, Elmira, New York.


HSCie advised on the valuation and due diligence and conducted the negotiations.

Year: 2005
Transaction value: Not published
Industry: Industrial products
Business field: Mergers & Acquisitions

Further Transactions