Dec 23 2014
ONICON Incorporated, a Harbour Group company, acquired Greyline Instruments, Inc., John Norris, president of ONICON, announced today. Terms of the transaction were not disclosed.
Greyline designs and manufactures ultrasonic flow meters and level sensors that utilize Doppler, transit time, and area velocity technologies. The company's customers operate primarily in the water, wastewater, environmental, and industrial markets. Greyline was founded by Bill Robson and Ernie Higginson, and is based in Long Sault, Ont., with additional operations in Massena, N.Y.
"Greyline and ONICON are perfectly complementary," said Mr. Norris. "Greyline represents exactly the type of people, products, and technology we are seeking to add to our company. We are very excited to welcome the Greyline team and look forward to delivering exceptional new products and services for our customers."
"Bill's technical expertise and Ernie's intense customer orientation coalesced to create a very exciting company that fits extremely well with our long-term vision for ONICON," said Jeff Fox, Harbour Group's chairman and chief executive officer. "We're glad that they are staying onboard to help the combined companies accelerate their growth. The opportunity to support strong, founder-owned companies like Greyline and ONICON is a core mission of Harbour Group."
Mr. Robson, president of Greyline, added, "This is a wonderful opportunity for our employees and customers. Combining our technology with ONICON's scale and reach is certainly a win-win situation. We're eager to see what we can achieve as part of the ONICON and Harbour Group family."
Source: http://www.onicon.com/