The Woodlands, TX – October 31, 2013 - 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 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, including Simtronics, DSA Detection, Detcon, and Gass Measurement Instruments (GMI).
