Acquisition of Leading Gas and Flame Detection Company Completed
Mar 05 2015 Read 1776 Times
Scott Safety (USA), a Tyco business, announced today that it has completed the acquisition of Industrial Safety Technologies (IST), a global leader in gas and flame detection, from Battery Ventures for $329.5 million in cash.
The combination of IST and Scott Safety makes Tyco one of the largest global designers and manufacturers of gas and flame detection products and reinforces Tyco’s commitment to growing its gas and flame detection business.
“This is a very exciting time in Scott Safety’s history,” said Bob Vigdor, director of Sales, Flame and Gas Detection, Scott Safety. “From our first acquisition of Davis Instruments over 30 years ago, to today’s acquisition of IST, gas detection has been an important piece of our safety portfolio. With today’s acquisition of IST, we are reaffirming our commitment to being a leader in the gas detection space.”
IST holds a technology leadership position in the gas and flame detection industry and is strongly committed to innovating in industrial safety solutions. From groundbreaking wireless gas-detection technology to the first SIL3 certified triple IR flame detector, IST provides among the most advanced and reliable solutions, protecting lives and workplaces around the world. IST brings strong market presence in Europe, the Middle East, and the Gulf Coast U.S. region and will complement the Scott Safety Flame and Gas Detection business.
“I am extremely proud to be part of the gas detection industry where our focus is to provide products to enable people to work safely in environments that may not always be safe, said Vigdor. “The high quality, technically advanced products manufactured by Detcon, Simtronics, Oldham, Gas Measurement Instruments, and DSA along with their knowledge of the industry will help us continue to provide the best products to our customers so we can protect what matters most.”
Scott Safety has a broad, global offering of premium safety products, with a portfolio that includes SCBAs, air purifying respirators, gas detection systems, compressors, PPE, and thermal imaging products. With the addition of the IST group, Scott Safety will now be able to offer customers a much broader range of flame and gas detection products, with some of the most advanced technologies in the market.
“The acquisition of IST brings together six companies with strong brand recognition and unmatched channel strength across multiple markets. In addition, IST has an extensive network of experienced and talented employees who will help to shape the future of the global flame and gas detection industry.” said Sean Magee, General Manager, Flame and Gas Detection, Scott Safety. “We look forward to working with the IST family to develop our collective strategy for driving growth.”
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