Illinois Tool Works (NYSE:ITW) has acquired Ion Systems Inc., a producer of electronic static control products. Terms of the transaction were not disclosed.
Ion Systems will be a wholly-owned subsidiary of ITW and will become part of the company's existing ionization and static electricity control business. ITW will continue to operate Ion Systems as a separate business, as part of the Simco Electrostatic Processes platform. Ion’s products provide electrostatic attraction and discharge management to reduce contamination and improve yields, as well as reducing electromagnetic interference to improve software performance and equipment uptime.
“The acquisition of Ion Systems further enhances ITW’s existing portfolio of ionization businesses,” says Michael Oldt, Simco/Ion group general manager. “Ion’s strengths in the semiconductor, mass storage and electronics markets complement ITW’s existing industrial and electronics ionization businesses, which are marketed under the Simco brand.”
Ion Systems is based in Alameda, California.
With $13.9 billion in 2009 revenues, ITW is a multi-national manufacturer of a diversified range of value-adding and short-lead time industrial products and equipment. The company consists of approximately 800 business units in 57 countries and employs approximately 59,000 people.