TASI Acquires Wireless Network Manufacturer SignalFire Telemetry
TASI HOLDINGS INC. announced today it has completed the acquisition of all shares of SignalFire Telemetry, located in Hudson, Massachusetts. This new acquisition is strategic to the growth model of TASI, and adds an exciting new wireless communication component to TASI's global FLOW division.
- (1888PressRelease) August 28, 2015 - Founded in 2006, SignalFire designs and manufactures specialized wireless mesh networking systems for uses in challenging and hazardous locations. The majority of the company's products are wireless sensor networks deployed in upstream oil and gas fields.
"We are pleased to welcome the SignalFire team to the TASI Group and the TASI Flow Division," said John McKenna, CEO of the TASI Group. "The prospect of integrating this cutting-edge wireless networking technology with our flow measurement instrumentation brings another component of our Well Pad Automation strategy to our growing portfolio."
"We are very pleased to be part of the TASI family," stated Al Hamilton, SignalFire's President. "It is a great fit, TASI is no stranger to the oil and gas business with its strong portfolio of flow products. By joining TASI we enhance our upstream oil and gas focus while at the same time have the resources to diversify our customer base. This is a good day for our employees and shareholders as we are joining up with a great team."
TASI Flow is a global leader in flow instrumentation; its brands consist of TRICOR Coriolis, AW Gear Meters, KEM-Küppers, Litre Meter, and Vögtlin Thermal Mass Flow Meters and Controllers. TASI Flow serves companies around the world in a diverse variety of industries, including oil & gas, industrial manufacturing, chemical processing, hydraulic, and automotive. The global reach and established track record in these areas broadens SignalFire's reach into a larger industrial automation market space.
"The acquisition of Signal Fire represents a natural extension of TASI's vision to increase its presence in industrial automation," added Colby Lemmons, Director of Sales for AW-Lake Company. "This is an exciting transaction that provides immediate and significant value to our customers. Together, we offer a strong portfolio of automation solutions to our global customers and accelerate the pace of innovation and new technology development."
About TASI HOLDINGS INC.
TASI Holdings Inc. is a group of companies comprised of three technologically advanced product platforms commonly linked by a disciplined focus on Flow, Test, and Assembly. Each TASI company delivers products and services to today's world manufacturing environments, focusing on Automotive, Medical Devices, Oil and Gas, Plastic Containers, Consumer and General Industrial markets. For more information about TASI Holdings, visit their Web site at www.tasigroup.com.
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