Scott Safety Acquires Industrial Safety Technologies
The acquisition of the gas and flame detection company from Battery Ventures was completed for $329.5 million in cash.
Scott Safety, a Tyco business, announced it has completed the acquisition of Industrial Safety Technologies, a leader in gas and flame detection, from Battery Ventures for $329.5 million in cash. The combined businesses makes Tyco one of the largest global designers and manufacturers of gas and flame detection products, according to the announcement.
"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."
"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, for Scott Safety. "We look forward to working with the IST family to develop our collective strategy for driving growth."
Vigdor added that the quality and "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's portfolio includes SCBAs, air-purifying respirators, gas detection systems, compressors, PPE, and thermal imaging products.