DwyerOmega, a portfolio company of Arcline Investment Management, has announced its acquisition of Lake Shore Cryotronics, a provider of cryogenic temperature measurement, magnetic measurement, material characterization, and cryostat solutions.
Founded in 1968 and based in Westerville, Ohio, Lake Shore Cryotronics has built a long-standing reputation for precision instruments and systems used in demanding scientific, industrial, and research environments. Its product portfolio includes sensors, monitors, controllers, cryostats, and measurement systems designed to support high-performance temperature, magnetic, and materials characterization requirements.
With the acquisition, DwyerOmega is able to offer already field-proven, specialty advanced measurement capabilities through its existing and established precision measurement and control platform. It also further expands the company’s cryogenic sensing and control technology portfolio, while broadening its reach across magnetics, materials research, quantum technology, semiconductor, aerospace, medical, fusion, and academic research applications.
Chuck Dubois, CEO of DwyerOmega, noted that the Lake Shore Cryotronics technology portfolio is anticipated to strengthen the company’s offerings across several advanced end markets, stating, “We are thrilled to welcome Lake Shore to the DwyerOmega family. Lake Shore is at the leading-edge of cryogenic temperature, magnetics, material characterization and cryostats solutions. Its advanced, highly engineered portfolio will strengthen our technology offering, while expanding our market presence and ability to serve customers across a variety of attractive end markets.”
Michael Swartz, President and CEO of Lake Shore Cryotronics, expressed anticipation that the DwyerOmega acquisition will further expand the commercial reach of its product portfolio and support continued advanced measurement technology development for customers worldwide.
Shown here is the Lake Shore Cryotronics CryoComplete system, a turnkey platform for cryogenic electrical measurements from 77 K to 500 K. The system is among the specialized cryogenic measurement technologies being added to the DwyerOmega portfolio through its acquisition of Lake Shore Cryotronics.
“Joining DwyerOmega expands Lake Shore’s commercial reach, broadens our product offerings and supports continued technological advancements for customers worldwide,” Swartz said. “We are excited to partner with a team that shares our commitment to innovation, quality, and customer support.”
Cryogenic temperature measurement, magnetic measurement, and material characterization are increasingly important across quantum computing, semiconductor process development, aerospace systems, fusion research, and other next-generation technology platforms. For customers and suppliers across advanced measurement markets, the transaction reflects the continued consolidation of specialized sensing, instrumentation, and control technologies under broader precision measurement portfolios in support of evolving high-reliability and research-intensive applications.
Houlihan Lokey served as financial advisor to DwyerOmega in connection with the transaction.
About DwyerOmega
DwyerOmega is a global manufacturer of precision measurement and control solutions for industrial and controlled-environment applications. The company provides technologies used to monitor, manage, and optimize critical processes across a range of industrial, research, and advanced technology markets. DwyerOmega is a portfolio company of Arcline Investment Management. For more information, please click here.
About Lake Shore Cryotronics
Lake Shore Cryotronics provides cryogenic temperature measurement, magnetic measurement, material characterization, and cryostat solutions for advanced science, research, and technology applications. Founded in 1968 and based in Westerville, Ohio, the company serves customers across aerospace, semiconductor, medical, quantum computing, research, academia, and other high-performance technical markets. To learn more, please click here.
Source/Photo Credit: DwyerOmega/Lake Shore Cryotronics
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Molly Bakewell Chamberlin is the Founder, Publisher and Editor-in-Chief of Components Source Network, a 100% woman- and disability-owned B2B publishing and expert marketplace platform serving the global high-tech manufacturing and engineering community. She is the architect, author and developer of the Network’s 11 specialized e-news sites and 11 peer-vetted expert e-marketplaces, including Sensors + Testing Monthly. With more than 25 years of experience in strategic technical marketing, public relations and business development, she is also the Founder and President of Embassy Global, LLC, which has supported more than 200 high-tech industry brands worldwide since 2008. Molly also serves pro bono as Second Vice Chair of the Government Team for the WBENC Forum and is a long-standing advocate for small business, supplier diversity, sustainability and women in STEM. Connect with Molly on LinkedIn.
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