Gas tech firm MSA Safety makes $200m acquisition
Global safety equipment and solutions provider MSA Safety has acquired German gas analysis technology company M&C TechGroup in a deal worth approximately $200m.
The acquisition, completed on 7 May, is expected to add a range of systems and solutions to MSA’s product portfolio, spanning industries such as energy, chemicals, utilities, manufacturing, and food and beverage.
“By bringing aboard M&C, we expand our addressable market in detection, with complementary technologies across diverse markets,” said Steve Blanco, MSA Safety President and CEO.
He also said that the buyout fits with the company’s Accelerate strategy, which aims to scale up its detection business and expand its existing portfolio through a series of strategic acquisitions.
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