USA: Gas instrumentation and energy management solutions company Bacharach has acquired fellow US refrigerant and gas analyser company Neutronics.
Based in Exton, Pennsylvania, Neutronics Inc was formed in 1976 and has three operating divisions, Neutronics Refrigerant Analysis, Gas Analysis Solutions, and Biomarine Inc.
Neutronics’ technologies serve the automotive and commercial HVAC markets, and provide high-purity oxygen analysers to the semi-conductor industry, and self-contained breathing units to the safety and rescue industry. Financial terms of the private transaction were not disclosed.
In a statement, Bacharach said: “The combination of Bacharach and Neutronics will significantly strengthen Bacharach’s ability to provide the worldwide HVACR and automotive markets with high quality fixed and portable gas test and measurement Instrumentation.”
“Neutronics is the established leader in refrigerant identifiers for the global automotive and HVAC-R industries and has complementary NDIR sensor technology in its instruments,” said Bacharach CEO Doug Keeports. “This acquisition aligns well with Bacharach’s strategic plan and strong focus on growing our market leadership in instrumentation and refrigerant monitoring, as well as complements Bacharach’s expertise and strengths in the combustion and emissions analysis markets.
Neutronics will operate as a wholly owned subsidiary of Bacharach and will continue with its existing brand under the leadership of president Gary Halpern and COO David Halpern, the sons of original founder Terry Halpern.