Modern Water purchases toxicity testing assets of SDIX

Modern Water, a provider of water technologies for the production of fresh water and monitoring of water quality, has entered into an agreement with Strategic Diagnostics (SDIX) to purchase the assets of its water quality division, including its Microtox toxicity testing technology, for $4.5m (£2.8m).

The water quality division of SDIX, based in Newark, Delaware, sells products and services to determine toxicity and detect contaminants in water and soil.

Its two main product groups are toxicity detection using bioluminescence, and industrial bio-detection of substances including pesticides, herbicides and PCBs.

In the year to 31 December 2010, the division had revenues of $4.79m and gross profit of $2.67m.