Mesa Labs Acquires Leading Continuous Monitoring Hardware Business
Lakewood, Colorado, November 29, 2018 – Mesa Laboratories, Inc. (NASDAQ:MLAB) (we, us, our, “Mesa” or the “Company”) today announced the acquisition of substantially all of the assets (other than current assets) and certain liabilities of the continuous monitoring business of Point Six Wireless, LLC, a Kentucky company (“Point Six”).
Point Six is the leading hardware provider in the continuous monitoring space, which will be integrated into Mesa’s Cold Chain Monitoring Division. The acquisition is expected to increase division revenues by approximately 20 percent and to be accretive to our diluted net income per share in the first twelve months following the acquisition.
“We are excited to have Point Six join the Mesa family. Point Six has been providing wireless sensors of world class quality and reliability for over 30 years. Customers value Point Six for their technology and innovation,” said Gary Owens, President and Chief Executive Officer. “Mesa has been a long-term partner of Point Six and we are excited by the combination of Mesa’s market leading ViewPoint Continuous Monitoring architecture with the robust wireless sensors of Point Six. Together Point Six and Mesa provide the most robust, scalable, and easy to use Continuous Monitoring solution to support the most demanding of applications. We believe that the true winner of this combination ultimately is the customer. This is another example of how we continue to live The Mesa Way!, our customer focused lean operating system.”
“We are excited to be joining Mesa Labs and the opportunity it brings to help realize our shared vision for innovation in the Continuous Monitoring space,” said Dan Piroli, Senior Vice President at Point Six. “We are certain that our customers will benefit from this combination as the two companies will endeavor to offer a best in class solution. This joining of forces results in a collection of talents and resources that provides significant potential, not only for current customers, but future customers as well.”
About Mesa Laboratories, Inc.
Mesa is a global technology innovator committed to solving some of the most critical quality control and analytical challenges in the pharmaceutical, healthcare, industrial safety, environmental and food and beverage industries. Mesa offers products and services through four divisions (Sterilization and Disinfection Control, Instruments, Cold Chain Monitoring and Cold Chain Packaging) which help its customers ensure product integrity, increase patient and worker safety, and design innovative solutions that improve the quality of life throughout the world.
Forward Looking Statements
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CONTACT: Gary Owens.; President and CEO, or John Sakys; CFO, both of Mesa Laboratories, Inc., +1-303-987-8000
For more information about the Company, please visit its website at www.mesalabs.com