LDetek Inc. (“LDetek”), a global manufacturer of gas chromatography instruments and online analyzers, has been sold to Process Sensing Technologies (PST), a portfolio company of Battery Ventures.
Founded in 2009, LDetek now has a significant global footprint and is a well-known provider of gas chromatography and online analyzer products. The company uses a proprietary plasma-emission detector (“PED”) technology to deliver highly sensitive measurement capabilities to customers in industries such as such as specialty / high purity gas, semiconductors, laboratories, and environmental monitoring.
LDetek, which is based in Thetford Mines, Quebec, will join Battery’s existing portfolio of process-measurement and instrumentation companies. These include Analytical Industries Inc. and Michell Instruments, both acquired in 2016, and Rotronic AG, acquired in 2017. Terms of the LDetek transaction were not disclosed.
EC M&A acted as exclusive financial advisor to LDetek in this transaction.