Expands IST’s product portfolio with addition of premium fire and gas detection business
Industrial Safety Technologies announced the addition of Simtronics AS (based in Oslo, Norway) and Simtronics SAS (based in Aubagne, France) to its platform. The companies are being acquired from UTC Climate, Controls & Security; a unit of United Technologies Corp. Simtronics is a world-class provider of sophisticated gas and flame detection systems for use in applications ranging from plant boiler rooms to offshore petrochemical facilities. The business also designs and installs sophisticated fire and gas systems for a number of markets including nuclear power plants. Terms of the transaction are not being disclosed.
The Simtronics brand will remain intact and will operate as an independent company within the IST platform. IST’s mission is to create a full line of integrated technology based detection products and services targeting heavy industrial applications. Simtronics joins other leading brands in the IST family, which together create a comprehensive portfolio of detection products with global reach: