Announced
Completed
Financials
Tags
industrial measurement
Acquisition
Single Bidder
United States
Domestic
Private
Friendly
Private Equity
Electronic Equipment: Gauges and Meters
Majority
Completed
Synopsis
Arcline Investment Management, a growth-oriented private equity firm, completed the acquisition of Omega Engineering, a manufacturer of industrial measurement equipment, from Spectris, a supplier of measuring instruments for research and industrial applications, for $525m. "I am confident this is an excellent move for Omega. Dwyer has a strong position in most of our key markets through its highly complementary portfolio of sensing, monitoring, and control products and solutions. Having spent time with key members of the Dwyer and Arcline leadership teams during the transaction process, I believe that we share similar cultures and values and that the acquisition represents a great opportunity for all stakeholders," Amit Agarwal, Omega President.
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