Deal amplifies complementary technologies, market strengths
OTTAWA, CANADA – November 9, 2017 – Harrison, Ohio-based TASI Group (www.tasigroup.com), a family of 12 companies focused on test, inspection and measurement for manufacturing, today announced it has acquired Ottawa’s Sciemetric Instruments Inc. (www.sciemetric.com), a pioneer of Industry 4.0 smart technologies. The terms of the deal between the two privately owned companies were not disclosed. Sciemetric will continue to operate as an independent Canadian corporation.
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 said. “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 said. “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.”
CTS president Kevin Hansell agreed. “This new relationship will enable us provide the global manufacturing automation marketplace with the best solutions in the industry.”
About Sciemetric Instruments
Sciemetric (www.sciemetric.com) is a pioneer of Industry 4.0 smart technologies used by manufacturers to optimize yield, boost quality and reduce costs. The company has worked in measurement and data management for over 30 years. The breadth and depth of Sciemetric’s expertise is unique, and the result of walking thousands of manufacturing lines, creating hundreds of applications and installing thousands of systems worldwide. Sciemetric’s technology is used around the world to improve manufacturing quality and productivity by companies such as Ford, Hewlett-Packard, Jaguar Land Rover, Caterpillar, Honda, John Deere and Medtronic. Founded in 1981 and headquartered in Ottawa, Sciemetric has sales and support offices in Windsor ON, the U.S., the U.K., India and China.
About the TASI Group
The TASI Group of Companies is comprised of three technologically advanced product platforms commonly linked by a disciplined focus on Test, Measurement, and Assembly. Each TASI company delivers products and services to today’s world manufacturing environments, focusing on Automotive, Medical Devices, Oil and Gas, Plastic Containers, Consumer and General Industrial markets. For more information about the TASI Group, visit their Web site at www.tasigroup.com.