Press Releases

Davis Calibration Agrees to Sell Its Instrument Sales Business

Baltimore, MD – (Sept. 4, 2007) Davis Calibration Instruments, LLC, a leading manufacturer, distributor and provider of calibration services for test, measurement and control instruments worldwide has agreed to sell its instrument sales business to Thermo Fisher Scientific Inc. (NYSE: TMO). The instrument sales business of Davis Calibration is a leading provider of test, measurement and process control instruments to a wide range of industries through catalog and e-commerce sales channels.

Immediately following the sale, Davis Calibration will be renamed Davis Calibration and will be singularly focused on its core calibration service solutions. Following its recent acquisition of the instrumentation services business of General Electric in May 2006, Davis Calibration is the largest third-party provider of the calibration, repair and certification of test, measurement and control instruments in the United States. Through decades of experience in the instrumentation field, Davis Calibration has developed innovative technological expertise in providing service and support for business and industry. With 28 service centers in the United States, Davis Calibration provides an evolving array of support services for test, measurement and control instrumentation staffed by highly trained experts and the calibration capabilities to meet the needs of virtually every industry.

Lee Rudow, President and CEO for Davis Calibration and the new Davis Calibration, commented, “This transaction is consistent with our strategy to grow the calibration services segment of our business and aligns our instrument sales business with a strategic company that has product channel sales as one of its core competencies and an interest in investing in and growing that part of its business. We are pleased with the transaction and believe it provides both businesses a tremendous opportunity for growth in the future”.

About Davis Calibration Instruments
Davis Calibration Instruments is a leading manufacturer, distributor and provider of calibration services for test, measurement and control instruments worldwide. Founded in 1912, Davis Calibration operates one of the largest networks of sales/service centers specializing in test, measurement and control instruments dedicated to meeting the needs of our customers and compliance to all ISO 9001:2000 requirements. Davis Calibration is owned by JPB Enterprises, Inc.

About JPB Enterprises
JPB Enterprises is a privately owned private equity firm located in Columbia, Maryland. Founded in 1995 by J.P. Bolduc, the former President and CEO of W.R.Grace & Co., JPBE focuses on control investments in middle market companies throughout the United States.

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