Harrison, Ohio-based TASI Group, a family of 12 companies focused on test, inspection and measurement for manufacturing, announced it has acquired Ottawa’s Sciemetric Instruments, a developer 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.
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.