Setaram Inc. Acquires HY-Energy LLC
News Feb 08, 2008
Setaram Inc. has announced the acquisition of Hy-Energy LLC (Newark, CA), a manufacturer of high performance gas sorption scientific instruments for the ever-expanding field of clean renewable energy research.
“This acquisition adds a full suite of analytical capabilities which complement Setaram Instruments' existing Thermal Analysis and calorimetry product lines” said Gilles Widawski, President of Setaram Instrumentation, Caluire France, parent Company of Setaram Inc. “Both Setaram’s and Hy-Energy’s current customers will benefit from the broader range of capabilities.”
“The integration of Hy-Energy with Setaram further strengthens Setaram Instruments North American operations and provides us a physical presence on the West Coast, closer to many of our customers,” said Gary Etherington, President of Setaram Inc. (USA).
“We are extremely pleased to become part of Setaram and enhance their calorimetry line with our gas sorption products,” said Dr. Karl Gross, founder of Hy-Energy LLC. “With Setaram’s worldwide distribution and service, the transaction will improve Hy-Energy’s ability to sell to and service customers worldwide. I look forward to working with them to further develop our products and assist of our customers.”
The acquisition of Hy-Energy comes just weeks after Setaram Instrumentation announced a strategic distribution partnership with Microcal which is aimed at enhancing the level of sales and support of MicroCal products across Europe.