By Roshan Fernandez
MSA Safety said it has acquired M&C TechGroup, a supplier of gas analysis products, for about $200 million.
The move was part of MSA Safety's plan to accelerate growth, which includes a focus on growing its detection business, Chief Executive Steve Blanco said.
M&C TechGroup has an annual revenue of about $55 million, and will accelerate growth with its customer relationships and distribution network, Blanco said.
"The acquisition positions us to be a leading provider of high-quality gas analysis solutions that create value for customers by enhancing infrastructure and workplace safety, optimizing processes and reducing costs," Blanco said.
M&C TechGroup said it agreed to be acquired partially because it would benefit from MSA Safety's market reach and distribution resources.
MSA Safety, formerly known as Mine Safety Appliances, is a Pittsburgh manufacturer of safety products.
Write to Roshan Fernandez at roshan.fernandez@wsj.com
(END) Dow Jones Newswires
May 07, 2025 18:06 ET (22:06 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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