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Nanalysis Merges with K'(Prime) Technologies Inc.
Nanalysis Merges with K'(Prime) Technologies Inc. Canada NewsWire ...
About this update from Nanalysis Scientific Corp
[{"type":"text","content":"\n \n \n \n Nanalysis Merges with K'(Prime) Technologies Inc.\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Nov. 10, 2021\n \n /CNW/ -\n \n \n Nanalysis Scientific Corp.\n \n \n \n \n ('the Company\",\n \n TSXV:NSCI\n \n , OTCQX:NSCIF, FRA:1N1) is pleased to announce that it has entered into a binding agreement to acquire 100% of K'(Prime) Technologies Inc. (\n \n KPrime\n \n ), a North American sales and service company, with a particular focus on scientific instrumentation for pharma, food, chemical and oil & gas customers, as well as imaging systems for security applications. The deal is expected to close before\n \n Dec 31, 2021\n \n .\n \n \n KPrime has been representing leading equipment manufacturers for over 20 years and has become proficient in driving sales volume by understanding customer needs. The company is a sales and service focused organization that has profitability in its DNA. Over the past four fiscal years KPrime's unaudited revenue has been between\n \n C$8 million\n \n and\n \n C$10 million\n \n with positive EBIDTA of roughly\n \n $1.0\n \n to\n \n $1.5 million\n \n per year. The company was founded by Mr.\n \n Kham Lin\n \n , who began his career selling scientific instrument for Hewlett Packard which eventually became Agilent Technologies. KPrime was incorporated in 1997. Mr. Lin took over the operation in 2001 when he identified an opportunity to represent several equipment manufacturers on an exclusive basis. The company has been profitable every year since inception.\n \n \n \n Sean Krakiwsky\n \n , founder and CEO of Nanalysis said, \"Joining forces with such an experienced sales and service organization is a unique expansion opportunity for Nanalysis. Our vision is to provide full sales and service coverage in every major market in the world, most importantly in\n \n the United States\n \n and\n \n Canada\n \n . We need a living, breathing, thriving, and resilient sales organization that evolves globally as we grow. KPrime con...