MSA Safety Inc. (NYSE: MSA), a global safety equipment manufacturer, announced that it has acquired Senscient, Inc., a leader in laser-based gas detection technology that can be used in a broad range of industrial, oil and gas production and petrochemical processing applications. The acquisition of Senscient (pronounced Sen-Sy-Ent) strengthens MSA’s leading position in the global market for fixed gas and flame detection (FGFD) systems, representing a key step in the execution of MSA’s Core Product growth strategy. Terms of the deal were not disclosed.
Senscient’s patented Enhanced Laser Diode Spectroscopy (ELDS™) technology was launched in 2009. Capable of detecting a wide range of toxic and flammable gases, ELDS™ technology eliminates false alarms and enables faster, more reliable detection of hazardous gases, thereby improving worksite safety while reducing operational costs.
EC M&A acted as exclusive financial advisor to Senscient on this transaction.