Ottawa-based Sciemetric Instruments Inc., a pioneer of Industry 4.0 smart technologies, has been acquired by TASI Group, Harrison OH, a family of 12 companies focused on test, inspection and measurement for manufacturing.
The terms of the deal between the two privately owned companies were not disclosed. Sciemetric will continue to operate as an independent Canadian corporation. The deal was attractive to both companies because they each have complementary technologies, strengths and market reach, according to TASI CEO, John McKenna.
“We believe this acquisition will accelerate growth in both companies,” says McKenna. “Pairing Sciemetric with TASI company Cincinnati Test Systems is an ideal partnership that amplifies each other’s strengths to create a dominant competitive advantage and a strong barrier to entry to other players.”
Sciemetric CEO Nathan Sheaff, who will remain with Sciemetric as president and general manager, said the acquisition gives his company access to new markets and customers, and in particular creates a vast new opportunity to sell its analytics software into a large, global installed base of test systems.
“QualityWorX is the industry’s most versatile software tool allowing manufacturers to swiftly address quality and productivity issues on their production lines,” he said. “Combined with our own test systems and those of the TASI companies, it is the perfect solution for manufacturers that want to improve quality and increase yield.”
CTS president Kevin Hansell agreed. “This new relationship will enable us provide the global manufacturing automation marketplace with the best solutions in the industry.”