FEI Pays $4.1M To Buy Australia's JKTech Pty. Ltd.

Stock quotes in this article: FEIC  

HILLSBORO, Ore. (AP) — Microscope supplier FEI Co. said Monday it paid about $4.1 million to buy the mineral liberation analysis business of Australia-based JKTech Pty. Ltd.

JKTech is a technology transfer company affiliated with the Sustainable Minerals Institute at the University of Queensland.

Mineral liberation analysis enables mining companies and research scientists to use electron scanning microscope technology in evaluating the mineral composition of various ores.

In morning trading, FEI shares fell 73 cents, or 3.3 percent, to $21.51.

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