Battery-Process Sensing Technologies to buy Dynament and SSCL
Summary
Process Sensing Technologies , which is backed by Battery Ventures, has agreed to acquire Dynament and Status Scientific Controls , two manufacturers of infrared gas detection sensors and instruments.The company’s products enable highly sensitive detection and measurement of toxic and combustible gases such as carbon dioxide, methane, propane and nitrous oxide for customers in industrial markets, including oil and gas, chemical, and environmental monitoring.“We’re extremely excited to be joining the PST group of companies and believe this partnership will provide Dynament and Status Scientific Controls with many valuable resources as we continue to grow and develop the businesses globally,” added Baxter.Battery strives to invest in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, consumer Internet, mobile and industrial technologies.Founded in 1983, the firm backs companies at stages ranging from seed to private equity and invests globally from offices in Boston, the San Francisco Bay Area, London, Israel and New York.