TASI Group acquires Ottawa’s Sciemetric Instruments Inc.
OTTAWA, Canada — TASI Group, a family of 12 companies focused on test, inspection and measurement for manufacturing, acquired Ottawa’s Sciemetric Instruments Inc., a pioneer of Industry 4.0 smart technologies. The terms of the deal between the two privately owned companies were not disclosed. Sciemetric will continue to operate as an independent Canadian corporation.
The deal was attractive to both companies because they each have complementary technologies, strengths and market reach, said TASI CEO John McKenna.
“We believe this acquisition will accelerate growth in both companies,” McKenna said. “Pairing Sciemetric with TASI company Cincinnati Test Systems is an ideal partnership that amplifies each other’s strengths to create a dominant competitive advantage and a strong barrier to entry to other players.”
Sciemetric CEO Nathan Sheaff, who will remain with Sciemetric as president and general manager, said the acquisition gives his company access to new markets and customers, and in particular creates a vast new opportunity to sell its analytics software into a large, global installed base of test systems.
“QualityWorX is the industry’s most versatile software tool allowing manufacturers to swiftly address quality and productivity issues on their production lines,” he said. “Combined with our own test systems and those of the TASI companies, it is the perfect solution for manufacturers that want to improve quality and increase yield.”
For more information, visit tasigroup.com.