The Florida-based firm on Monday (2nd May) confirmed the move as it looks to further expand in the gas detection market.
GasLab, also based in Florida, serves the industrial safety markets for a number of replacement sensors covering many gases, especially those that are used for safety in confined spaces.
The company also serves the industrial markets where safety, as well as the manufacturing process, is measured and monitored via sensors, for example in breweries.
Travis Lenander, CEO of CO2Meter, said, “GasLab’s business model and products allow CO2Meter to expand its technical proficiency and quality product offerings in conjunction with CO2Meter’s current portfolio.”
“It also allows CO2Meter to market and sell to a new customer base. When CO2Meter integrates our already market leading carbon dioxide products with GasLab’s excellence in oxygen sensing and niche gas monitoring, we know we have created a more diversified business that can support every customer application.”
“We are so excited to be able to make the GasLab acquisition in only our sixteenth year in business. To be able to complete and acquisition like this at this stage in our business is transformational.”
“I’m delighted for our organisation and our employees to have such a tremendous opportunity to continue to grow the business and to delight our current and new customers with this expanded product portfolio.”