host posted on May 18, 2010 10:57
GLENVIEW, ILLINOIS—(May 18, 2010)—Illinois Tool Works Inc. (NYSE:ITW) today announced that it has acquired Ion Systems, Inc, a leading 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 a 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. 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 and Eltex brands” said Gary Swink, Group President of the ITW Static and Contamination Control and Electronic Businesses.
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.
To learn more, please visit www.ion.com or www.itw.com.