Atlas Copco has acquired Montana Instruments Corporation and once again expanded its North American footprint.
Located in Bozeman, Montana, the purchased company provides cryostat solutions for customers involved in physics research and low temperature technology solutions.
A cryostat is a system used to cool an object to very low temperature and enable measurement of various properties.
Montana Instrument’s cryostats can attain temperatures down to -269°C (-425°F) without the use of liquid cryogens. Cryostats are typically used to observe and characterise quantum physics in cold materials.
As part of Atlas Copco, Montana Instruments Corporation will become part of the company’s Scientific Vacuum division within the Vacuum, Technique Business Area.
The acquisition was first announced back in August (2022).
Commenting on the transaction back in August, Geert Follens, Business Area President of Vacuum Technique at Atlas Copco said the purchase will allow Atlas Copco to extend its presence in cryogenic markets.
“It also provides an additional channel into quantum technology related markets where commercial applications are starting to grow,” he added.
Montana Instruments Corporation has 38 employees and in 2021 had revenues of $12m.
The purchase price was not disclosed.