IEP Technologies, subsidiary of Swiss Hoerbiger company, has acquired business operations, the portfolio, patents and trademark rights of Atexon Oy, a company headquartered in Oulunsalo, Finland, specializing in spark detection and extinguishing for industrial explosion protection.
Zug/Switzerland — Atexon Oy has established a portfolio that includes spark detection systems, flame detectors, overheat detectors, as well as backfire detectors for industrial applications.
One of Atexon´s product innovations is its patented Spark Detector
with its extra-wide 180-degree field of view and a broad spark detection spectrum. These, together with an optional daylight filter, are unique product characteristics which provide highly reliable protection even under extreme conditions. The decentralized system architecture means simplified installation, reduced costs and through its redundant design provides maximum reliability.
Going forward, Hoerbiger will use the IEP Technologies global distribution network to offer the Atexon protection solutions. Atexon Oy's CEO and R&D Director Mika Vannas along with the company's management will remain in place. The team will offer its experience and expertise to all IEP Technologies customers and serve as the center of excellence for the detection and extinguishing of sparks which can be an ignition source for industrial explosions.
The parties agreed to keep the value of the transaction confidential.