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Teledyne completes acquisition of the gas and fl ame detection business of the gas and fl ame detection business of 3M
Teledyne Technologies Incorporated have announced the successful completion of the previously announced acquisition by Teledyne of the gas detection business of 3M for US$230 million. The gas and fl ame detection business includes Oldham, Simtronics, Gas Measurement Instruments (GMI), Detcon and Scott Safety Products.
Robert Mehrabian, Executive Chairman of Teledyne stated, ‘We have now completed two corporate carve-out acquisitions in 2019 and we closed each transaction within two months of announcement’.
The gas and fl ame detection business provides a portfolio of fi xed and portable industrial gas and fl ame detection instruments used in a variety of industries including petrochemical, oil and gas, mining and waste water treatment. The Oldham, Simtronics, GMI and Detcon brands bring together over 100 years of industry experience across a wide range of standard products and customised solutions. These rugged trace gas analysers feature fast response time, intrinsically safe sensors and comply with multiple international certifi cation standards.
Mehrabian continued, ‘We are excited to welcome this new core business and its employees to Teledyne. The gas and fl ame detection business utilises similar technology and serves related markets as our portfolio of environmental instrumentation businesses. However, our respective products do not compete and we generally serve customers in complementary geographies’.
Teledyne management expects the transaction to be accretive to GAAP earnings per share in the fi rst year after the acquisition.
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Vaisala Acquires professional business- to-business weather services from Foreca
Vaisala has acquired the professional business-to-business weather services from a Finnish weather forecast services company Foreca Oy. The transferring business serves weather critical professional customers in transportation, energy, and industry segments. The transaction is expected to complete on October 1, 2019. Foreca Oy will continue to offer weather services and precise weather forecasts for consumers, media houses, and digital media channels.
“Foreca’s professional B2B weather services business brings truly valuable skills and assets in data analytics, forecasting, and impact analysis to Vaisala. Our ambition with the acquisition is to drive development of even more powerful modelling and decision support systems to customers whose operations are signifi cantly impacted by weather,” says Jarkko Sairanen, Executive Vice President, Weather and Environment, Vaisala. “We are excited to bring new benefi ts especially to our ground transportation offering and airport runway solutions, as well as maritime and energy customers. We see particularly signifi cant opportunities in creating detailed insights for prevailing and forecasted road surface state along entire routes for authorities, contractors, as well as connected vehicles today and increasingly autonomous vehicles in the future.”
The transferring business will become part of Vaisala’s Weather and Environment Business Area, and its Digital Solutions business line. At the same time, the name of the Digital Solutions business line will be changed to Vaisala Digital. Foreca’s professional business-to-business weather services will signifi cantly strengthen Vaisala Digital’s offering, by providing new capabilities in form of talented people and an industry leading technology platform for forecasting, modelling, and impact analysis for weather critical operations. Vaisala Digital, headed by Markus Melin, will move its locations in Finland to Keilalahti, Espoo, in order to maximize synergies with the software development community going forward.
“Foreca’s professional B2B team’s capabilities have been recognized highly in particular among various stakeholders focusing on road surface. We see that combining these capabilities with Vaisala Digital can create something completely new going forward,” says Atso Rönnblad, CEO of Foreca Oy. “Foreca continues to grow and innovate with focus on offering user-friendly weather services and precise weather forecasts for consumers, media houses, as well as digital media channels, such as websites, mobile applications, and displays.”
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AET October / November 2019
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50 years of cutting edge gas sensor technology
Founded in 1968, Figaro Engineering, Inc. marks its 50th anniversary on October 18, 2019. Figaro began by manufacturing semiconductor-type LP gas sensors being adopted in LP gas leak alarms. Their application fi eld of gas sensors has expanded to a wide variety of applications such as various gas species alarms, controls for microwave ovens, air purifi ers and air conditioners, and automobile damper controls. Figaro’s accumulated sensor sales have exceeded 350 million pieces worldwide.
Figaro’s fi rst gas sensor product was based on the gas sensing principle known as “semiconductor type”. From there they expanded their products into other technologies: catalytic, electrochemical, and optical types. The company’s target is to become “A department store for sensors”, i.e. to provide customers with any type of sensor.
In addition to expanding the Figaro product line, newly developed sensors such as coin type CO sensors and ultra-miniaturised MEMS have been commercialised in response to strong market demands for miniaturised size, low power consumption and high accuracy. Figaro is also supplying new sensors to satisfy the demand for multiple sensing points in the fi elds of IoT and AI. Figaro’s expertise in development and their volume production technology for high quality sensors enables them to annually supply over 20 million sensors worldwide.
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Industrial Scientifi c appoint Burke as General Manager
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Industrial Scientifi c is pleased to announce that Parker Burke has joined the company as senior vice president and general manager. Parker will be responsible for leading Industrial Scientifi c’s global gas detection and iNet®
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Parker worked most recently as vice president and general manager at Anderson-Negele, a Fortive operating company based in Fultonville, New York, that provides hygienic instrumentation solutions and services for processors of food, beverage, and life sciences products. Prior to leading Anderson-Negele, Parker was with Gilbarco Veeder-Root, where he held leadership positions in marketing, product management, and operations.
“Parker delivers impressive results, but even more impressive are his humility, thoughtful approach to leadership, and service to others,” said Justin McElhattan, president of Industrial Scientifi c. “We are pleased to welcome him to the company and look forward to his leadership.”
Parker holds a Bachelor of Science degree in systems engineering from the United States Naval Academy. Following graduation, he served as an offi cer in the U.S. Marine Corp for over 6 years. Parker also holds a Master of Business Administration from the Northwestern University Kellogg School of Management
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