LumaSense Technologies closes acquisition of Mikron Infrared
MAY 8--LumaSense Technologies (Santa Clara, CA, USA) has closed the acquisition of Mikron Infrared (Oakland, NJ, USA).
MAY 8--LumaSense Technologies (Santa Clara, CA, USA; www.lumasensetech.com/), a provider of sensing solutions, has closed the acquisition of Mikron Infrared (Oakland, NJ, USA; www.mikroninfrared.com/), a manufacturer in the field of infrared noncontact temperature measurement and thermal imaging. "We are excited to have closed the acquisition successfully," said Vivek Joshi, CEO of LumaSense Technologies. "This acquisition significantly expands LumaSense's solutions portfolio as we grow our business in the clean technology, energy, and medical markets. The addition of Mikron further enables LumaSense to address an industry that is demanding better quality solutions, comprehensive global service and support, and the highest levels of price for performance."
Mikron represents the fourth acquisition LumaSense has made since 2005. LumaSense's strategy is to acquire leading companies with innovative technology and products and gain significant opportunities for synergies in research & development, manufacturing, and marketing & sales to realize scale and global reach for its customers. The company provides solutions and services in fiber optic and noncontact temperature measurement, thermal imaging, infrared temperature calibration services, gas analysis, and emissions monitoring to customers around the world.
"Mikron's acquisition by LumaSense provides a unique opportunity to be part of a broader-based sensor technology focused organization," said Gerry Posner, president and CEO of Mikron. "The similarities of our distribution channels, coupled with the complementary nature of our product portfolios, will be a great asset as we grow our business."