Process Insights Announces the Acquisition of the Assets of the Process Analyzers Business from Schneider Electric
Summary
Greensboro, NC, June 26, 2022 --( PR.com )-- Process Insights, a Union Park Capital portfolio company, announced today the acquisition of the assets of the Process Analyzers business from Schneider Electric (“Schneider”).Based in Upland, California, Schneider’s process analyzers deliver premium solutions to leading companies worldwide and serving a diverse universe of industries and process/laboratory applications including, but not limited to, the chemical, life sciences (pharmaceuticals and biotechnology), metals, general industrials and energy markets. “The ANALECT® process and laboratory FTIR and FT-NIR analyzers address a premium market demand in spectroscopic capabilities and highly complement our Guided Wave brand of NIR and UV-VIS solutions. With this deal, we continue our journey to strengthen our position as a leading global provider of comprehensive online process and laboratory analytical instrumentation to better serve our customers worldwide,” added Hammouri.“The completion of this transaction gives continuity to our customers who have purchased analyzers from Schneider in the past and now allows us to focus and pursue more growth opportunities in the instrumentation and measurement space, which align with the strategic priorities of our business,” said Matt Carrara, Vice President – Field Devices, Schneider Electric Systems USA, Inc.About Process InsightsProcess Insights is a leading, global innovator and manufacturer of instruments focused on process analytics, monitoring, control, and safety. Process Insights offers a sophisticated suite of instruments, monitors, sensors and software that help customers make complex analytical measurements used in mission-critical applications to reduce disruptions, downtime, and lost productivity, all while managing increasing regulatory complexity, safety expectations and cost in industrial processes. Process Insights is backed by Union Park Capital, a private equity investment firm based in Boston, MA.