FEI buys digital rock solutions provider and microCT product

FEI has acquired Lithicon AS, which provides digital rock technology services and pore-scale micro computed tomography (µCT, or microCT) equipment to oil and gas companies.

Feb 6th, 2014

Offshore staff

HILLSBORO, Oregon – FEI (NASDAQ: FEIC), an instrumentation company providing imaging and analysis systems for research and industry, has acquired Lithicon AS, which provides digital rock technology services and pore-scale micro computed tomography (µCT, or microCT) equipment to oil and gas companies. In conjunction with the acquisition, FEI has obtained the helical scan microCT product and associated software from the Australian National University, through a licensing and development agreement.

The purchase price of the acquisition was $68 million. FEI will integrate both Lithicon and the microCT product with its automated mineralogy capabilities, advanced 3D visualization and modeling, and electron microscopy to provide an expanded workflow solution for oil and gas markets.  

02/06/2014

More in Company News