There's only one thing more important than processes and tools and that's the people using them. DBO2 has created a system that successfully predicts human error, thus enabling corrective action before an accident occurs. We're excited by the additional talent DBO2 brings to our team as we strive to eliminate injury and death on the job.
Pittsburgh, PA (Vocus) January 9, 2008
Industrial Scientific Corp. announced today that it has completed the acquisition of Design Build Own Operate Inc. (DBO2), a leader in measuring human error in the workplace, for an undisclosed amount. Located in San Carlos, CA, DBO2 was founded in 2001 by Barry Nelson who will continue to serve as President and CEO. Prior to founding DBO2, Mr. Nelson held several senior leadership positions, including Managing Director, Energy and Environment for Europe, Middle East and Africa for Honeywell International.
DBO2's leading product, SafetyNet, is a safety inspection and analysis program that helps construction, mining, energy, insurance and other companies at high risk for catastrophic injury or loss to predict and prevent worker injuries while improving quality and productivity. The system serves as a "net of prevention" by identifying hazards and unsafe trends before they become accidents. Many of DBO2's customers have received industry recognition and national awards for demonstrating significant reduction in lost time accidents, worker's compensation and insurance costs, saving millions of dollars in the process.
"We're so pleased to join Industrial Scientific's worldwide team," said Barry Nelson. "We share a common vision that defining, tracking and acting on leading indicators will dramatically reduce accidents and injuries in the workplace."
Kent McElhattan, Chairman and CEO of Industrial Scientific said, "There's only one thing more important than processes and tools and that's the people using them. DBO2 has created a system that successfully predicts human error, thus enabling corrective action before an accident occurs. We're excited by the additional talent DBO2 brings to our team as we strive to eliminate injury and death on the job."
About Industrial Scientific Corporation
Industrial Scientific Corporation is a global leader in designing, manufacturing, selling and servicing gas monitoring instruments, systems and related products. With continuous improvements in engineering and R&D, lean manufacturing operations and expanded service capabilities, Industrial Scientific is widely known for providing rugged, dependable products that excel in monitoring hazardous gases in the most demanding work environments in the world. Employing over 700 people, Industrial Scientific has manufacturing operations based in Pittsburgh (USA), Arras (France), Dortmund (Germany) and Shanghai (China), provides technical services to customers from local service centers around the world, and has additional subsidiaries in Australia, Canada, Czech Republic, Dubai, Germany, Italy, The Netherlands, Singapore, Switzerland and the United Kingdom. For more information about Industrial Scientific, please go to http://www.indsci.com.
About Design Build Own Operate Inc. (DBO2)
DBO2, located in San Carlos, CA, was founded in October 2001 and has emerged as a leader in measuring human error and its consequence in the workplace. With more than 30 million observations, DBO2 has amassed the largest repository of workplace behaviors and conditions in the world. DBO2's SafetyNet, QualityNet and ProductivityNet software services are currently used on a daily basis at more than 7,000 worksites for some of the world's largest companies.