Pittsburgh, PA (PRWEB) October 31, 2013
Industrial Scientific Corporation announced today that it has completed the sale of its Oldham fixed-point gas detection business to Industrial Safety Technologies (IST). The sale encompasses Oldham headquarters’ operations in Arras, France along with fixed systems support operations in China, Germany, India and the United States. The Oldham sale agreement was announced in July 2013.
Raptor Partners LLC acted as financial advisor to Industrial Scientific in the transaction.
About Industrial Scientific Corporation
Industrial Scientific Corporation is the world’s leading provider of Gas Detection as a Service and is dedicated to ending death on the job in this century. Achieving this goal requires dedication to delivering highest quality and best customer service in all transactions. Industrial Scientific also focuses on providing analysis of data from equipment use and maintenance to identify problems before they happen. Industrial Scientific has operations based in Pittsburgh (USA), Arras (France), Dortmund (Germany) and Shanghai (China). The company provides technical services to customers from local service centers around the world, and has additional offices in Australia, Belgium, Brazil, Canada, Chinese Taipei, Czech Republic, India, Indonesia, Italy, Netherlands, Panama, Poland, Qatar, Russia, Singapore, Thailand, United Arab Emirates and the United Kingdom. Industrial Scientific is the parent company to Predictive Solutions Corporation (http://www.predictivesolutions.com). For more information, visit http://www.indsci.com.