SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
___________________________________________
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported):
January 31, 1994
___________________________________________
THERMO INSTRUMENT SYSTEMS INC.
(Exact name of Registrant as specified in its charter)
Delaware 1-9786 04-2925809
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation or File Number) Identification
organization) Number)
504 Airport Road
Post Office Box 2108
Santa Fe, New Mexico 87504-2108
(Address of principal executive offices) (Zip Code)
(617) 622-1000
(Registrant's telephone number
including area code)
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FORM 8-K
Item 5. Other Events
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On January 31, 1994 Thermo Instrument Systems Inc. (the "Company") announced
its intention to acquire the EnviroTech Controls, Noran Instruments, TN
Technologies and Tremetrics businesses, which constitute several of the
businesses of the EnviroTech Measurements & Controls group of Baker Hughes
Incorporated. A copy of the Company's press release containing this
announcement is attached hereto as Exhibit 20.
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FORM 8-K
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(c) Exhibits
20 Press Release of Thermo Instrument Systems Inc. announcing the
intention to acquire several of the businesses of the
EnviroTech Measurements & Controls group of Baker Hughes
Incorporated.
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FORM 8-K
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized, on this 2nd day of February 1994.
THERMO INSTRUMENT SYSTEMS INC.
Paul F. Kelleher
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Paul F. Kelleher
Chief Accounting Officer
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EXHIBIT 20
THERMO INSTRUMENT SYSTEMS ANNOUNCES INTENT TO
ACQUIRE SEVERAL ENVIROTECH BUSINESSES OF BAKER HUGHES
WALTHAM, Mass., January 31, 1994 -- Thermo Instrument Systems Inc. (ASE-THI)
announced today its intention to acquire several of the businesses that
constitute the EnviroTech Measurements & Controls group of Baker Hughes
Incorporated for a cash purchase price of approximately $93 million. The company
intends to acquire the EnviroTech Controls, Noran Instruments, TN Technologies,
and Tremetrics businesses, which collectively design, manufacture, and market a
variety of process control, process measurement, and laboratory analytical
products for use in a wide range of industrial, energy, environmental, and
research applications.
Thermo Electron Corporation, the parent company of Thermo Instrument Systems,
has entered into an acquisition agreement with Baker Hughes with respect to this
transaction and a related transaction in which another Thermo Electron
subsidiary, Thermedics Inc., will acquire Ramsey Technologies and Epsilon
Industrial, also part of the EnviroTech Measurements & Controls group. Thermo
Electron will assign its rights to acquire the respective businesses to Thermo
Instrument Systems and Thermedics. Consummation of the acquisitions is subject
to regulatory approval and other closing conditions.
The businesses to be acquired by Thermo Instrument Systems had combined sales
of approximately $129 million in the fiscal year ended September 30, 1993.
"We are excited about the opportunities these new businesses represent in
terms of complementary technologies and additional markets," said Arvin H.
Smith, president and chief executive officer of Thermo Instrument Systems.
"We're gaining two more fundamental analytical technologies - gas chromatography
and X-ray fluorescence - that address key portions of worldwide markets. We also
are gaining a greater presence in on-line process instrumentation, another
market in which we believe we can build a strong competitive position."
Thermo Instrument Systems develops, manufactures, and markets analytical
instruments used to detect and monitor air pollution, radioactivity, complex
chemical compounds, and toxic metals and other elements in a broad range of
liquids and solids. The company also provides environmental science and
engineering services, laboratory-based testing, and nuclear health physics
services. Thermo Instrument Systems is a public subsidiary of Thermo Electron
Corporation.
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