Detcon, a Houston-based designer and manufacturer of industrial grade gas detection sensors and electronic control systems, has been acquired by Battery Ventures for an undisclosed consideration.
Commenting on the investment, Dan Alpha, Detcon’s founder, said: “This is great news for our customers, employees and distribution network, as we now have a partner to pursue our vision of growth and extend our reach with an expanded product set”. President Bob Masi added: “We will continue our focus on the design and manufacture of innovative and practical solutions for a wide range of industrial markets, and look forward to a successful future”.
Alpha and Masi will remain involved with the company going forward.
Established in 1983, Detcon produces a wide range of sensor technologies and product designs, which are engineered to perform reliably in the most challenging and rugged industrial environments. The company, which has a particular strength in oil and gas markets, will join recently acquired Gas Measurement Instruments (GMI) as an independent operating company within Battery’s Industrial Safety Technology platform.
FinSMEs
28/09/2011