Abstract
In its largest acquisition ever, the laboratory instrumentation maker Waters Corporation has agreed to purchase Wyatt Technology for $1.36 billion. Wyatt makes analytical instruments based on light scattering as well as separation equipment that uses an effect called field-flow fractionation. It reported sales of $110 million in 2022 and employs a little more than 200 people, primarily in Santa Barbara, California. When the deal closes later this year, it will be a big change for the Wyatt family, which has owned and run the company since Philip Wyatt founded it in 1982 . Philip’s sons Clifford and Geofrey Wyatt are now president and CEO, respectively. At a strategic level, Wyatt’s customer base aligns with Waters’s intention to expand into analytical support for emerging medical technologies, an area that Waters describes as technologically adjacent to its existing strength in chromatography and spectroscopy for quality assurance and control applications. In a press
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