Beverly Hills, Calif., (PRWEB) October 8, 2005
Skyview Capital, LLC announced today that it has reached a definitive agreement to acquire Intelligent Instrumentation, Inc. (III), a leading manufacturer and distributor of data collection and data acquisition devices, from Texas Instruments Incorporated. The terms of the agreement which was mutually executed by both parties on Oct. 4 were undisclosed. Closing is expected to occur around mid-October of 2005.
Alex Soltani, Chairman and CEO of Skyview Capital stated: “For nearly 30 years, Intelligent Instrumentation’s products have consistently played a key role in improving the productivity and efficiencies of its Fortune 500 customers. Consequently, we are very excited about the continued success and long-term growth potential of this business, and the value that our team of professionals can lend its current management in identifying strategies that will accelerate its growth objectives.”
After closing the company will continue to operate as a standalone entity, led by its own management team.
About Skyview Capital:
Skyview Capital, LLC (http://www.skyviewcapital.com ), a private investment firm headquartered in Beverly Hills, California, specializes in the strategic acquisition and continuous management of "systems-critical" enterprises in the areas of technology and telecommunications. By leveraging its extensive operational capabilities and financial resources, Skyview systematically enhances the long-term sustainable value of the businesses it acquires.
About Intelligent Instrumentation, Inc.:
Intelligent Instrumentation, Inc. (http://www.instrument.com), with global headquarters in Tucson, Arizona, specializes in the development, manufacturing, and deployment of a broad line of data acquisition and data collection systems, which compiles, displays, analyzes, and transport a wide-range of customer applications in the areas of work-in-process tracking, measurement and control, material tracking, labor date collection, labor management, employee time and attendance, inventory control, shipping and receiving, document tracking, tool crib management, and many more AutoID applications. III was formed in 1984 by Burr Brown Corporation. Texas Instruments acquired Burr Brown in 2000.
For Skyview Capital
Vice President, Business Development
468 N Camden Dr (Suite 2000)
Beverley Hills, Ca 90210