Industrial Safety Technologies signed an agreement to purchase the Oldham fixed-point gas detection unit of Industrial Scientific Corporation for an undisclosed amount. Oldham will the fifth acquisition for IST since its establishment in 2001.
Arras, France-based Oldham has specialized in safety, gas and fire detection for more than 100 years and continues to provide a broad portfolio of fixed system gas detection controllers and monitors.
Industrial Safety Technologies is a collaboration between several groups of companies aiming to develop and provide the most efficient industrial safety solutions. It is comprised of Detcon and Gas Measurement Instruments (GMI), DSA Detection, Explosives and Narcotics Trace Detectors (ETD) and Simtronics which all work independently within IST.
"Industrial Scientific people are dedicating their careers to ending death on the job. The sale of Oldham is part of our strategy to accelerate promising technologies that further preserve human life in the workplace," remarked Industrial Scientific Corp. President and CEO Justin McElhattan. "I firmly believe that Oldham will thrive under Industrial Safety Technologies. The company has strong synergies in fixed gas detection and supports the vision of the company."
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