Vectron International, a leader in the design, manufacture and marketing of frequency control, sensor and hybrid product solutions, announced it has completed the acquisition of BiODE Inc., a designer and manufacturer of fluid viscosity sensors and viscometer readers. The BiODE organization will be integrated into Vectron’s Sensors and Advanced Packaging (SAP) business unit. The deal represents Vectron’s continued commitment to driving change and innovation in the $50 B global sensor market through the delivery of ground-breaking acoustic wave sensor technology. Customers will now have access to first-of-its-kind fluid viscosity monitoring technology that delivers time and cost savings as well as increased scalability.
Under terms of the agreement, Vectron’s SAP group will incorporate the BiODE product/technology platform, including the ViSmart™ viscosity sensor, into its current product portfolio, allowing the newly combined entity to quickly bring to market an innovative solution for fluid viscosity monitoring in industrial applications, such as oil condition monitoring. The BiODE product/technology platform will serve as the basis for a number of synergistic products in the SAP group’s product roadmap.
“Vectron and BiODE are impressive as separate entities, and together, the team will continue to deliver the most innovative sensing technologies to customers,” said Tom Cunneen, vice president, Sensors and Advanced Packaging business unit, Vectron International. “At Vectron, we are focused on setting the standard for innovative sensing solutions. We are confident this acquisition will provide both the technical expertise and business acumen required to continue to make that vision a reality.”
“We are delighted to announce this strategic acquisition” said Rick Hajec, president, Vectron International. “It demonstrates Vectron’s ongoing commitment to diversify into new and emerging markets by leveraging our core competencies.”
“We are truly excited about joining Vectron and about the next evolution of our company,” said Kerem Durdag, former CEO, BiODE and new director of business development, Sensors & Advanced Packaging business unit. “It is clear that Vectron and BiODE technologies and philosophies are a perfect compliment to each other. By leveraging the existing Vectron manufacturing infrastructure, BiODE’s technology base of acoustic wave sensor products will serve as a synergistic growth engine for the SAP business unit.”