TASI Group acquires Ottawa-based Sciemetric Instruments
Sciemetric Instruments, known as a pioneer of Industry 4.0 smart technologies, will continue to operate as an independent Canadian corporation.
Ohio-based TASI Group, a family of 12 companies focused on test, inspection and measurement for manufacturing, has acquired Ottawa’s Sciemetric Instruments Inc.
The terms of the deal between the two privately owned companies were not disclosed.
The deal was attractive to both companies because they each have complementary technologies, strengths and market reach, said TASI CEO, John McKenna.
“We believe this acquisition will accelerate growth in both companies,” McKenna adds. “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 explains. “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.”
“This new relationship will enable us provide the global manufacturing automation marketplace with the best solutions in the industry,” CTS president Kevin Hansell agrees.