Upon the close of the acquisition, the assets of Willer Engineering will
be merged with Avensys Inc.'s environmental instrumentation division, Avensys
Environmental Solutions. The merger is expected to result in a business
generating
As a result of this acquisition, Avensys Environmental Solutions will expand its value-added turn-key solutions capabilities and will be better positioned to respond to the needs of large industrial customers requiring tighter integration of process and emission monitoring instrumentation and data acquisition.
The combination of Willer's know-how in the industrial process industry combined with the strength of Avensys' Environmental monitoring solutions and its wider geographical coverage will position the merged entity to take advantage of the growth associated with tighter control of industrial emissions and greenhouse effect gases.
"We have identified significant new revenue growth opportunities resulting from the synergies derived from the combination of our respective expertise, market niches, product lines, sales skills and geographical coverage," says Marie-Annick Riel, General Manager of Avensys Environmental Solutions.
"Willer has been a solid company and carries an excellent reputation in
its marketplace," adds
About Willer Engineering Limited
For over 45 years, Willer Engineering has provided professional
instrumentation solutions, products and service to the industrial, process and
scientific markets in Eastern
About Avensys Corporation
Avensys Corporation operates Avensys Inc., its wholly-owned core subsidiary. Avensys Inc., through its manufacturing division Avensys Technologies, designs, manufactures, distributes, and markets high reliability optical components and modules as well as FBGs for the telecom market and high power devices and sub-assemblies for the industrial market. Avensys Technologies is also a pioneer in the development of packaged fiber-based sensors and possesses leading edge intellectual property. Avensys Environmental Solutions, also a division of Avensys Inc., is an industry leader in providing environmental monitoring solutions for air, water and soil in the Canadian marketplace. To find out more about Avensys Environmental Solutions, please visit our webiste at www.avensyssolutions.com . For Avensys Corporation company news and updates you can also visit www.avensyscorporation.com
Forward-Looking Statements
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.
For more information, please contact: Truc Nguyen or Christopher Chu The Global Consulting Group T: +1-646-284-9400 E: tnguyen@hfgcg.com | E: cchu@hfgcg.com
SOURCE Avensys Inc.