Sierra Monitor Corp., a provider of Industrial Internet of Things (IIoT) solutions that connect and protect high-value infrastructure assets, has signed a definitive agreement to be acquired by MSA Safety Inc. Under terms of the agreement, Sierra Monitor Corp. will become an indirect wholly owned subsidiary of MSA Safety.
“MSA Safety is a recognized leader in safety solutions, and we are excited to join such a well-respected organization,” commented Jeff Brown, president and CEO of Sierra Monitor.
Upon closing, each issued and outstanding share of SMC common stock (other than shares owned or held in treasury by SMC) will be cancelled and automatically converted into the right to receive $3.25 in cash, without interest, representing a 55-percent premium to the closing price.
For more information, visit www. MSAsafety.com or www.SierraMonitor. com.