January 31, 2007
Vectron International Completes Acquisition of BiODE Inc.
Strengthens Sensor & Advanced Packaging Group's Acoustic Wave-based Sensor Offerings, Represents Strategic Building Block for Future Growth
HUDSON, NH — Vectron International, a leader in the design, manufacture and marketing of Frequency Control, Sensor, and Hybrid Product solutions, today announced it has completed the acquisition of BiODE, Inc., a designer and manufacturer of fluid viscosity sensors and viscometer readers. The BiODE organization will be integrated into Vectron's Sensors and Advanced Packaging (SAP) business unit. The deal represents Vectron's continued commitment to driving change and innovation in the $50 billion global sensor market through the delivery of ground-breaking acoustic wave sensor technology. Customers will now have access to first-of-its-kind fluid viscosity monitoring technology that delivers time and cost savings as well as increased scalability.
Under terms of the agreement, Vectron's SAP group will incorporate the BiODE product/technology platform, including the ViSmart™ viscosity sensor, into its current product portfolio, allowing the newly combined entity to quickly bring to market an innovative solution for fluid viscosity monitoring in industrial applications, such as oil condition monitoring. The BiODE product/technology platform will serve as the basis for a number of synergistic products in the SAP group's product roadmap.
"Vectron and BiODE are impressive as separate entities, and together, the team will continue to deliver the most innovative sensing technologies to customers," said Tom Cunneen, vice president, Sensors & Advanced Packaging business unit, Vectron International. "At Vectron, we are focused on setting the standard for innovative sensing solutions. We are confident this acquisition will provide both the technical expertise and business acumen required to continue to make that vision a reality."
"We are delighted to announce this strategic acquisition" said Rick Hajec, president, Vectron International. "It demonstrates Vectron's ongoing commitment to diversify into new and emerging markets by leveraging our core competencies."
Vectron's Acoustic Wave Sensors technology sets a new standard for performance and reliability in critical data gathering applications. Vectron leverages its well-established foundation of surface and bulk acoustic wave (SAW and BAW) technology and extensive experience in radio frequency (RF), signal conditioning, embedded system electronics design and advanced packaging technologies to meet increasing customer demands for durable, state-of-the-art precision sensor solutions across a broad range of industries.
BiODE's ViSmart™ delivers instantaneous and continuous real-time, in-process viscosity and temperature measurement. It is a portable and embeddable device with rugged design and multiple communication protocols and delivers simplified viscosity and temperature measurement with no customer calibration required. ViSmart is unaffected by shock, orientation, flow or vibration conditions, having a wide standard measurement and operating range.
"We are truly excited about joining Vectron and about the next evolution of our company," said Kerem Durdag, former CEO, BiODE and new director of business development, Sensors & Advanced Packaging business unit. "It is clear that Vectron and BiODE technologies and philosophies are a perfect compliment to each other. By leveraging the existing Vectron manufacturing infrastructure, BiODE's technology base of acoustic wave sensor products will serve as a synergistic growth engine for the SAP business unit."
Vectron will also use BiODE's core of engineers and inventors to form a research and development center for continued technology advancement. The new high-tech labs, located in Westbrook, Maine, will be used exclusively to develop additional sensors beyond viscometers, including biosensors, gas sensors and other fluid sensors. The center will also house business development functions focused on further establishing relationships with customers and partners.
About Vectron International
Vectron International is a world leader in the design, manufacture and marketing of Frequency Control, Sensor,
and Hybrid Product solutions using the very latest techniques in both bulk acoustic wave (BAW) and surface acoustic
wave (SAW) based designs from DC to microwave frequencies. Products include crystals and crystal oscillators;
frequency translators; clock and data recovery products; SAW filters and components used in telecommunications,
data communications, frequency synthesizers, timing, navigation, military, aerospace and instrumentation systems.
The company is headquartered in Hudson, NH and has operating facilities and sales offices in North America, Europe