Scott Safety, 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.«This is a very exciting time in Scott Safety's history,» said Bob Vigdor, director of Sales, Flame and Gas Detection, Scott Safety.
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.
«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.
«We look forward to working with the IST family to develop our collective strategy for driving growth.»