LI-COR Environmental, the global leader in greenhouse gas measurements, announced today it has acquired Onset®, owner of the HOBO brand, a leader in large-scale, spatially-distributed environmental monitoring and water resource management. These technologies are key to understanding and managing climate change and food security.
With this acquisition, LI-COR, backed by global investment firm Battery Ventures, expands its greenhouse gas portfolio to include sensor networks, data acquisition, and cloud-based data monitoring.
“We are excited to add diverse and complementary products from Onset to the LI-COR portfolio,” said Jesse Feldman, a Battery Ventures general partner. “We look forward to seeing the impact of this acquisition on climate change solutions and to the continued success of LI-COR in the environmental monitoring space.”
Onset, a Massachusetts-based company founded in 1981, produces the award-winning HOBO® and InTemp® data loggers, used around the world to support experts in a broad range of monitoring applications, including agricultural and coastal research, green building performance, renewable energy systems, and temperature-controlled environments.
“LI-COR solutions measure greenhouse gases in real time for emissions monitoring, agriculture, and environmental protection to provide answers about climate change,” said Tom Reslewic, CEO at LI-COR. “Historically the work of researchers, greenhouse gas measurements have become interesting for companies around the world who need to understand their emissions or validate their ability to sequester carbon. The addition of Onset to LI-COR Environmental will help us meet this growing need, not only for measuring greenhouse gases, but also for more comprehensive environmental monitoring.”
SOURCE: PRNewswire