Horiba Acquires Photon Technology International Business

Horiba Scientific (Edison, New Jersey) has acquired Photon Technology International (PTI) (Birmingham, New Jersey). PTI is a supplier of research spectrofluorometers, serving the university and research laboratories as well as industrial and biomedical markets.

The acquisition of PTI’s worldwide business assets is aimed at increasing Horiba’s market share in fluorescence spectroscopy through PTI’s established network in the biomedical field and leadership position in techniques such as intracellular ion imaging. These techniques are considered crucial in areas such as understanding cellular processes for regenerative medical therapies and developing next-generation food and agricultural products. All of these application areas have expectations for rapid growth.