Fluid Imaging Technologies, Inc. (“Fluid Imaging”) has been sold to Yokogawa Electric Corporation (“Yokogawa”) [TOKYO: 6841]. Fluid Imaging Technologies possesses advanced technologies and know-how in the analysis of cells and other types of particles suspended in liquid media, and specializes in the development, manufacturing, and sale of flow imaging instrumentation used to perform particle analysis. With Fluid Imaging Technologies as a member of the Yokogawa Group, Yokogawa will be able to expand the portfolio of cell observation solutions offered by its life innovation business, and thereby strengthen its business targeting the bioeconomy market.

Yokogawa engages in broad-ranging activities in the areas of measurement, control, and information. The industrial automation business provides vital products, services, and solutions to a diverse range of process industries including oil, chemicals, natural gas, power, iron and steel, and pulp and paper. With the life innovation business, the company aims to radically improve productivity across the pharmaceutical and food industry value chains.

EC M&A acted as exclusive financial advisor to the shareholders of Fluid Imaging on this transaction.