HITEC SENSOR SOLUTIONS ACQUIRES STRAIN GAGE BASED SENSOR ENGINEERING COMPANY-- SENSOR DEVELOPMENTS, INC. (SDI)
Littleton, Massachusetts –July 17, 2012 - HITEC Sensor Solutions, a leading engineering service provider for a variety of sensor installations for strain measurement, is pleased to announce the acquisition of Sensor Developments, Inc—a Michigan based company specializing in custom strain gage based force and torque measurement solutions for many industries. The acquisition is in line with HITEC’s projected growth plan and creates a unique opportunity for HITEC to enhance its current facilities and supporting services with the addition of the A2LA accredited calibration laboratory.
Doug Unkel, President of HITEC explained, “We have looked for a solid organization with similar skills operating within alternative markets to those traditionally approached by HITEC. SDI brings new products and a diversified customer base which compliments HITEC’s planned growth.”
HITEC and SDI are focused on providing design and manufacturing services to a wide array of industries thatinclude automotive, aerospace, medical, nuclear and textile among others. The additional A2LA accredited calibration laboratory provides their worldwide customer base an enhanced selection of custom products and services.
HITEC, a portfolio company of Safety Technology Holdings, specializes in sensor expertise that includes foil strain gauges, free-filament strain gauges, semi-conductor strain gauges, RTD sensors, thermocouples, heat flux sensors and related strain measurement sensor application expertise for custom transducers and strain gauge instrumentation solutions. President and CEO of Safety Technology Holding, Christopher O’Connor explained, “We are very pleased to assimilate SDI into our family of companies. SDI’s many years of mechanical engineering experience, transducer design and manufacturing expertise in Lake Orion, Michigan aligns well with the respected capabilities at HITEC in Littleton, Massachusetts.” In addition, both HITEC and SDI complement a sister division with STH; Humanetics Innovative Solutions, which utilizes strain gage instrumentation within their worldwide safety crash equipment. Christopher O’Connor is also the President and CEO of Humanetics.
About HITEC: HITEC has over forty years of experience providing a wide range of specialized engineering services for a variety of sensor installations for strain measurements with additional capabilities that include the design and manufacture of custom force, load, torque and pressure transducers. For more information on HITEC please visit www.hitecorp.com
About SDI: SDI has over thirty-five years of experience with worldwide recognition for expertise in designing specialized strain gage based sensors for force and torque applications. For more information on Sensor Developments please visit www.sendev.com
About Humanetics Innovative Solutions, Inc.: Humanetics Innovative Solutions is a global company whose strategy is to harness the best of today's technologies for the creation of high quality products which play an important role in improving safety, comfort and protection of people and their environment. Humanetics Innovative Solutions is the world's leading supplier in the design and manufacture of sophisticated crash test dummies, associated technical support and laboratory services and load cell crash wall systems. Furthermore, Humanetics Innovative Solutions develops and supplies finite element software dummy models for computerized crash test simulations and specialties in static and dynamic strain measurements. Safety Technology Holdings/Humanetics is a portfolio company of Wynnchurch Capital, Ltd. www.humaneticsatd.com
About Wynnchurch Capital, Ltd.: Wynnchurch Capital headquartered in the Chicago suburb of Rosemont, Illinois with offices in Dallas, Detroit and Toronto, and an affiliate office in Montreal, was founded in 1999 and is a leading middle-market private equity investment firm. Wynnchurch's strategy is to partner with middle market companies in the United States and Canada which have outstanding management teams and possess the potential for substantial growth and profit improvement. Wynnchurch focuses on investments in niche manufacturing, business and industrial services, energy and power services, logistics and value-added distribution. Wynnchurch Capital manages a number of private equity funds with capital under management in excess of $1 billion specializing in management buyouts, recapitalizations, corporate carve-outs, restructurings and growth capital. www.wynnchurch.com
HITEC Sensor Solutions, Inc. contact:
Nicole McInnis, Marketing Manager
Telephone 978 742 9032
Fax 978 742 9032