Sutron announced that it had acquired Sabio Instruments in a cash purchase of $1,200,000. The purchase is subject to a partial escrow, with the purpose of securing representations and warranties.
Based in Sterling, VA, Sutron is focused on manufacturing and developing a wide variety of products and services, such as hydrological, meteorological, ambient air quality, and oceanic monitoring systems and software, as well as data hosting and services.
The purchase of Sabio is intended to bolster Sutron’s MeteoStar air quality monitoring products division. Sutron has acquired all of the commercial and operating assets of Sabio, and will utilize the assets obtained to improve MeteoStar’s capabilities in terms of ambient air instrumentation, continuous emission monitoring systems and instrumentation, engineering services, and product design and fabrication.
Raul McQuivey, Chairman of the Board of Directors and CEO of Sutron, said, “Sabio’s existing customer base in North America, Latin America, Asia and the Middle East will expand opportunities for Sutron’s MeteoStar Division’s environmental quality monitoring software and data services. Moreover, MeteoStar’s existing customers in the States of Virginia, Texas and Indiana as well as other air quality programs will provide opportunities to market Sabio’s line of calibrators and clean air systems.”
McQuivey continued, “This acquisition allows Sutron to expand its already significant line of environmental monitoring instrumentation into the expected growth markets involving ambient and stack-monitoring. Together, Sutron and Sabio are uniquely positioned to provide the most comprehensive set of monitoring and warning solutions available globally to extend mission-critical services and to assure they are managed, secure and responsive. The combined portfolio will include a broader and deeper range of products, an enhanced commitment to innovation, ensuring next-generation technology solutions, and greater support and resources available worldwide.”
About MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
