FEI expands its roster of scientific instruments with $30.5 million acquisition

FEI Co. announced Monday that it bought a Pennsylvania electron microscope maker. With the $30.5 million purchase of ASPEX Corp., FEI acquired microscope technology it has used in its oil and gas drilling products. “With this acquisition, FEI now owns the essential hardware and software that has been part of our rapid growth and expanding potential in the natural resources business,” said FEI chief executive Don Kania. ASPEX also provides microscopes used in the military, industry and manufacturing. The company had revenue of $10 million in revenue during its profitable fiscal year. ASPEX’s revenue has grown 24 percent each year since 2006, FEI said. FEI, a Hillsboro-based maker of scientific instruments, saw its stock rose 86 cents to close at $41.94 after Monday’s mid-afternoon announcement.

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