Arcline Investment Management is acquiring Omega Engineering from Spectris in a transaction that values the Company at $525 million. Omega will be joining the Dwyer Group, an Arcline portfolio company.
Omega is a firm in the technical marketplace, offering more than 100,000 products for measurement and control of temperature, humidity, pressure, pH, and conductivity. Omega is a provider of sensing, control, and monitoring technologies. Dwyer designs and manufactures innovative sensors and instrumentation services for the IEQ, building automation, process, and environmental markets.
“Omega is a tremendous addition to the Dwyer Group of companies, bringing a highly respected brand and a broad, world-class product portfolio,” said Chuck Dubois, CEO of Dwyer. “Dwyer and Omega offer complementary sensing and instrumentation products with a similar value proposition, meeting customers’ unique needs with high-quality, configured products. The businesses together offer an unmatched breadth of products and technical expertise, which we believe will provide significant value to our customers and partners. We are excited to work with the Omega team to drive growth in the combined businesses.”
EC M&A served as financial advisor to Arcline.