MOCON acquires PBI-Dansensor for $20 million


MOCON, Inc. has finalized an agreement to acquire Denmark-based company PBI-Dansensor.

The deal comes following an announcement made in early March when MOCON revealed its intention to acquire PBI-Dansensor.

MOCON acquired 100 percent of the equity interests of PBI-Dansensor for approximately $20 million. Two-thirds of that amount has been paid for in cash at closing and the remainder will be paid over four years, pursuant to a seller note.

MOCON Chairman, President and CEO Robert L Demorest said of the deal’s conclusion, “PBI-Dansensor is a company that we have been interested in for a long time.”

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...