IRISS rings in the New Year with the acquisition of New Jersey’s Delta T Engineering
Delta T Engineering represents the first acquisition for IRISS Group
IRISS, a leader in the electrical maintenance safety devices (EMSDs) market, announces the acquisition of New Jersey-based Delta T Engineering, a 25 year-old privately held company. Delta T Engineering predominately develops a wireless monitoring system designed to detect temperature increases and prevent electrical equipment failures within electrical enclosures caused by poor connections and overloaded circuits.
Terms of the acquisition, effective January 1, 2014, includes all the rights to trademarks, brand names, certifications, domain names, inventions, patents, registrations, copyrights, inventory, intellectual property, licenses, royalty fees, source code, object code, documentation, and trade secrets. IRISS will move the company to its headquarters location in Bradenton, FL, and will hire new engineers & assemblers locally to accommodate additional product offering.