MSA Safety to acquire Industrial Internet of Things solution provider Sierra Monitor Corporation

MSA Safety Incorporated, a global safety equipment manufacturer headquartered in Cranberry Township, Pennsylvania, recently announced that it entered into an agreement to acquire California-based Industrial Internet of Things (IIoT) solution provider Sierra Monitor Corporation.

Sierra Monitor provides fixed gas and flame detection (FGFD) instruments and other IIoT solutions that connect and protect high-value infrastructure assets. Typical uses of Sierra Monitor technology include wastewater treatment facilities, light manufacturing, transportation infrastructures, and HVAC.

The acquisition supports MSA’s strategy to enhance worker safety through cloud technology and wireless connectivity and supplements its investments in software-as-a-service applications, including its Safety io subsidiary. Safety io, which MSA launched in late 2018, focuses on leveraging wireless technology and cloud computing to enable connected safety services and applications, including those involving the use of MSA portable gas monitors.

“We’re excited to have the opportunity to add Sierra Monitor to our core product portfolio and we look forward to welcoming the Sierra Monitor team to MSA,” MSA President and CEO Nish Vartanian said.  “Today’s agreement effectively fast tracks the timetable for our Safety io subsidiary to expand into infrastructure applications for our FGFD systems.”

Sierra Monitor has annual revenue of approximately $20 million and approximately 80 employees. MSA Safety acquire Sierra Monitor Corporation in an all-cash transaction valued at approximately $33 million.

The transaction is expected to close in the second quarter of 2019, subject to customary closing conditions.