Capstone Technology: Area software maker acquired for $22.5M

Industrial software maker Capstone Technology Corp. has been acquired by United Kingdom-based Spectris (LSE: SXS) for $22.5 million. Founded in 1997, Vancouver-based Capstone makes software used in industrial plants for training and automation. The company targets customers in oil and gas, pulp and paper, chemicals and refining, and metals and mining. By joining Spectris it is becoming part of a global maker of instruments and controls for similar industries. Spectris has about 8,300 employees...