GLENWOOD, Ill., Nov. 9 /PRNewswire-FirstCall/ -- Landauer, Inc. (NYSE: LDR), a recognized leader in personal and environmental radiation monitoring services, today announced the completion of two acquisitions in accordance with its long-term strategic priorities.
"We are pleased to announce the acquisitions of Global Physics Solutions, Inc. (GPS) and Gammadata Mattenknik AB (GDM)," said Bill Saxelby, President and CEO of Landauer. "These acquisitions position Landauer to execute on our long-term strategic priorities to drive competitive growth and pursue strategic expansion. These high quality companies complement Landauer's competencies and the financial characteristics of our core business while providing entrance into new market segments."
Global Physics Solutions, Inc. (GPS)
The acquisition of Global Physics Solutions, Inc. (GPS), completed on November 9, 2009, for $22 million in cash, initiates Landauer's strategic expansion through the extension of services to ensure the safe utilization of radiation in the healthcare setting.
Based in Texas with operations throughout the Midwest, GPS is the leading nationwide provider of Medical Physics Services to hospitals and radiation therapy centers. Medical Physics Services is estimated to be a $1 billion domestic market that includes clinical physics support, equipment commissioning, accreditation support, imaging equipment testing and educational services. Medical physicists provide clinical and operational support in the safe application of radiation for diagnosis and treatment of patients.
Saxelby explained, "As we look to expand the scope of our core occupational health monitoring business, the Medical Physics Services sector is attractive to us because it is a service model that complements our core business focus of radiation safe
|SOURCE Landauer, Inc.|
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