Industrial Scientific Corporation sells Oldham to Industrial Safety Technologies, LLC
Oldham, the fixed-point gas detection company, is now part of IST, a Battery Ventures Portfolio company
Industrial Scientific Corporation announced today that it has completed the sale of its Oldham fixed-point gas detection business to Industrial Safety Technologies (IST). The sale encompasses Oldham headquarters’ operations in Arras, France along with fixed systems support operations in China, Germany, India and the United States and will be the fifth acquisition for IST since its inception in 2011. The Oldham sale agreement was announced in July 2013.
Adam Markin, President of Industrial Safety Technologies, said that “Oldham offers IST a great 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.”