Enhancing the global support of our customers
OpTek is pleased to announce its acquisition by Safety Technology Holdings (STH), a global holding company with more than 850 employees and 22 locations worldwide. STH is a portfolio company of UK-based private equity firm Bridgepoint with well-known niche test and measurement sector companies including: vehicle safety company, Humanetics Innovative Solutions; specialty optical fiber manufacturer, Fibercore; and sensor manufacturer, HITEC Sensor Developments.
OpTek’s founder and CEO, Mike Osborne, will continue in his current role post-closing. Dr. Osborne commented, “STH is a first-class, highly technical and innovative organization with the size and technical capabilities to immediately and dramatically strengthen our ability to service and support our customers worldwide. They will allow us to build on our past success and will help accelerate our growth plans. Their portfolio companies offer complementary services to our own and we are excited about the many projects we will be able to pursue together. They are the perfect partner for us.”
Christopher J. O’Connor, President and CEO of Safety Technology Holdings commented, “We are very excited to welcome OpTek into our family of companies. OpTek’s innovative solutions and market leadership position complements our corporate portfolio well. By adding them to the STH family, we are able to enhance further our position in sensor solutions, giving us a deeper presence in this rapidly expanding market.”
Download the full press release here: