Battery Ventures portfolio company Industrial Safety Technologies (IST) has completed the acquisition of the Oldham fixed-point gas detection business from Industrial Scientific Corporation.
Oldham provides a comprehensive portfolio of fixed system gas detection monitors and controllers and will be the fifth acquisition for IST since its inception in 2011. The sale encompasses Oldham headquarters’ operations in Arras, France, along with fixed systems support and sales operations in China, Germany, India and the United States. No financial details were disclosed.
Adam Markin, President of Industrial Safety Technologies, said that “Oldham offers IST a great global presence and market share including production capabilities in France and China that complement IST’s existing locations and other group companies. We are excited about completing this acquisition and look forward to a successful future for the business.”
The Oldham brand will remain intact and will operate as an independent company within the IST Platform. IST’s mission is to create a full line of integrated technology-based detection products and services. Oldham joins other leading brands in the IST family, which together create a comprehensive portfolio of detection products with global reach:
Simtronics (based in Norway and France, acquired March 2013): sophisticated gas and flame detection) for use in applications ranging from plant boiler rooms to offshore petrochemical facilities.
DSA Detection (headquartered in Massachusetts, acquired October 2012): consumables for leading brands of explosives and narcotics trace detectors (ETD).
Detcon (headquartered in Texas, acquired September 2011): gas detection sensors and control systems, with strength in fixed products for the oil and gas market.
Gas Measurement Instruments (GMI) (headquartered in Scotland, acquired August 2011): gas detection with a particular strength in portable products for gas distribution, oil and gas, and shipping markets.
About Industrial Safety Technologies, LLC Industrial Safety Technologies (IST) is made up of a group of companies strongly committed to developing the newest innovations in industrial safety solutions. From ground breaking wireless technology to the first hazardous gas emergency training system, the IST group provides among the most advanced and reliable solutions to protect lives and workplaces around the world. Detcon and Gas Measurement Instruments (GMI) provide IST with a solid foundation of fixed and portable gas detection solutions; DSA Detection specializes in the design, manufacture and distribution of consumables for leading brands of explosives and narcotics trace detectors (ETD); and Simtronics is a world class provider of sophisticated gas and flame detection systems for onshore and offshore industries. The four companies operate independently within the IST group.
For more than 100 years, Oldham has specialized in safety, gas and fire detection. Oldham is headquartered in Arras, France, employs hundreds of people globally and has operations in France, the United States, China and Germany. Oldham’s mission is to be the best provider of fixed-point gas detection systems worldwide. It offers a wide range of application-driven products, expert advice, and the highest performance, quality and reliability in all transactions.
About Battery Ventures
Since 1983, Battery has been investing in category-defining ideas and high potential companies and management teams worldwide. The firm views its investment as a true partnership, and works hard to help its companies carve out unique positions, dominate markets and reach business goals. Battery funds companies in technology and related markets at the Seed, Early, Growth and Buyout stage.
The firm has raised more than $4.5B since inception. It is currently investing BV X and BV X Side Fund, totaling $900M of capital. For more information, visit www.battery.com follow @BatteryVentures.