Adaptas Solutions, LLC on Tuesday said it has completed the acquisition of the Applied Kilovolts and Analytical Instrumentation from L3Harris Technologies [LHX], expanding its mass spectrometer component product offering and building its position in subassemblies and contract manufacturing.
Terms of the deal, which was first announced in February, were not disclosed.
For L3Harris, the divestiture is consistent with its focus on core business areas. L3Harris said in a first quarter filing with the Securities and Exchange Commission that it recorded a $5 million non-cash impairment charge for goodwill for the business unit.
Adaptas, which is based in Massachusetts and is a portfolio company of Ampersand Capital Partners, said the deal also expands its global footprint.
“Adding the CeraMAX product line allows us to cultivate future innovation for our market-leading mass spectrometry OEM customers. The Applied Kilovolts business deepens our product offering while expanding our global manufacturing to now include Europe.”
Applied Kilovolts, which is based in Britain, was part of Harris Corp., which acquired the business unit as part of its acquisition of Exelis.