Market Overview

Dynament and Status Scientific, Manufacturers of Gas Detection Solutions, Join Battery Ventures' Process Sensing Technologies Group


UK-based Firms to Operate Alongside Existing Process Sensing
Technologies Companies Michell Instruments, Analytical Industries,
Rotronic and LDetek

Battery Ventures, a global technology investment firm, has reached an
agreement for its platform in the process-measurement market, Process
Sensing Technologies (PST), to acquire Dynament and Status Scientific
Controls (SSCL), two global manufacturers of infrared gas detection
sensors and instruments.

Dynament and SSCL, sister companies which are both based in Mansfield,
England, will join Battery's existing portfolio* of process-measurement
and instrumentation companies. These include Analytical Industries and
Michell Instruments, both acquired in 2016; Rotronic, acquired in 2017;
and LDetek, acquired in 2018. Terms of the Dynament and SSCL transaction
were not disclosed.

Dynament has a significant global customer base and is a high-profile
provider of miniature, infrared gas sensors to large original-equipment
manufacturers (OEMs) across the global gas-detection and monitoring
industry. The company's products enable highly sensitive detection and
measurement of toxic and combustible gases such as carbon dioxide,
methane, propane and nitrous oxide for customers in industrial markets,
including oil and gas, chemical, and environmental monitoring.

Status Scientific Controls manufactures fixed-gas detection instruments,
both flame-proof and intrinsically safe, along with a comprehensive
range of associated control panels.

The companies' founder, William Baxter, will continue to be involved in
the businesses as chairman. Dynament's and SSCL's existing executive
teams will remain in place and will work closely with PST group's CEO
Adam Markin to manage the businesses. "Dynament's expertise in infrared
gas sensing technology is highly complementary to the other businesses
in PST's portfolio, and will broaden PST's existing sensor-technology
portfolio," said Markin. "We are excited to welcome Dynament and SSCL to
the global PST family."

"We're extremely excited to be joining the PST group of companies and
believe this partnership will provide Dynament and Status Scientific
Controls with many valuable resources as we continue to grow and develop
the businesses globally," added Baxter. "We see many synergies in this
partnership and are pleased to be working with PST and Battery."

About Battery

Battery strives to invest in cutting-edge, category-defining businesses
in markets including software and services, Web infrastructure, consumer
Internet, mobile and industrial technologies. Founded in 1983, the firm
backs companies at stages ranging from seed to private equity and
invests globally from offices in Boston, the San Francisco Bay Area,
London, Israel and New York. Follow the firm on Twitter
@BatteryVentures, visit our website at and
find a full list* of Battery's portfolio companies here.

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