Global safety equipment manufacturer MSA Safety Inc. has completed its acquisition of Sierra Monitor Corp. in an all-cash transaction valued at $33 million. The deal enables MSA to accelerate its strategy to enhance worker safety and accountability through the use of cloud technology and wireless connectivity — a key focus of the company’s recently established Safety io subsidiary.
MSA, which is based in Cranberry Township, launched Safety io in 2018 to leverage the capabilities of its portable gas detection portfolio as it relates to cloud connectivity.
Based in Milpitas, Calif., Sierra Monitor is a provider of fixed gas and flame detection (FGFD) instruments and industrial internet of things solutions that connect and help protect high-value infrastructure assets. SMC has annual revenue of approximately $20 million and approximately 80 employees.
“The safety industry is placing greater focus on connectivity and remote monitoring to enhance worker safety. With SMC on board, we can fast track our connectivity technology from Safety io into infrastructure applications for FGFD systems,” MSA President and CEO Nish Vartanian said in a statement.
Over the past several weeks, MSA has focused on developing a cross-functional integration process designed to ensure the success of the acquisition. A team of business leaders from both organizations will now put the plan into action.
With 2018 revenues of $1.4 billion, MSA employs approximately 4,800 people worldwide. With more than 40 international locations, MSA realizes approximately half of its revenue from outside North America.
