Announced
Completed
Financials
Sources
Tags
energy flow measurement instruments
electromagnetic instruments
Acquisition
Friendly
Electronic Equipment: Other
turbine instruments
Private
Completed
Measurement Instruments
United States
Majority
Single Bidder
Private Equity
Synopsis
TASI Group, a global provider of highly engineered test, measurement, inspection and automated assembly systems and solutions for mission critical applications, completed the acquisition of ONICON, a private company specializing in the design and manufacture of flow meters and energy measurement systems, from Harbour Group Industries. ONICON addresses liquid flow, steam flow, natural gas flow, airflow, and thermal energy applications with a broad range of flow meter technologies, including electromagnetic, turbine, ultrasonic, thermal mass, vortex, Pitot tube and BTU meters. "The ONICON acquisition is a strategic win for everyone. ONICON’s diversified portfolio of flow technologies compliment TASI Flow businesses with little overlap in technology, industries and geographic regions. This acquisition positions both businesses on an aggressive growth path," John McKenna, TASI CEO.
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