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Stock impact report

908 Devices Acquires RedWave Technology, Expanding its Forensics Product Offering [Yahoo! Finance]

908 Devices Inc. (MASS) 
Company Research Source: Yahoo! Finance
BOSTON, April 30, 2024 BUSINESS WIRE 908 Devices Inc. (Nasdaq: MASS), a pioneer of purpose-built handheld and desktop mass spec devices for chemical and biochemical analysis, announces that it has completed the acquisition of privately-held RedWave Technology , a leading provider of portable FTIR spectroscopic analyzers for rapid chemical identification of bulk materials. FTIR (Fourier Transform Infrared), an optical spectroscopy technology, is highly regarded for its specific substance identification abilities across a broad range of bulk materials. This acquisition provides 908 Devices with an expanded portfolio of handheld chemical analysis devices for forensic workflows that quickly detect and identify unknown solids, liquids, vapors, and aerosols at the point of need. In addition, RedWave bolsters 908 Devices' desktop portfolio with a line of accessories for pharma Process Analytical Technology (PAT) and industrial QC applications. "We're thrilled to welcome the RedWave team Show less Read more
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