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VALENCIA CA & MERIDEN, CT — February 17, 2003— SEMCO IINSTRUMENTS, INC., announced today the purchase of the assets and operating liabilities of the ATLAS-AERO CORPORATION. This acquisition strategically positions Semco to expand its capabilities as an international supplier of sensor systems and electrical accessories.
“We welcome the opportunity to gain additional electrical system expertise in key markets we are targeting,” said Mike Moore, President of SEMCO INSTRUMENTS, INC. “Many of our customers want a reduction in their supplier base and quality system integrators that will help them streamline their procurement process which results in cost-savings and shorter turn-times. Additionally, this broad product line creates an opportunity for expanded customer service, allowing the joined companies to provide its customers a more comprehensive system of electrical accessories.”
The combined product offering of Semco and Atlas-Aero includes temperature sensors, speed sensors, high temperature cabling, pressure sensors, temperature trim system, bus-bars, coaxial heaters and electrical wiring harnesses.
Headquartered in Meriden, CT, and in business since 1959, ATLAS-AERO CORPORATION is a leading manufacturer of open wire, molded, encapsulated and braided cable and harness assemblies for aircraft (commercial and defense), industrial, marine, and space uses. Additional information about Atlas-Aero Corporation is available at www.atlasaero.com.
Founded in 1965, SEMCO INSTRUMENTS, INC. (OTC "SEMO") is a leader in the development and manufacture of engine temperature sensors. (both thermocouple and RTD), temperature system accessories, speed sensors, electrical wiring harnesses and hi-rel coaxial heaters to the commercial , military and spacecraft markets and is the preferred supplier/partner to many major turbine engine manufacturers in North America. Additional information about Semco Instruments, Inc, is available at www.semcoinstruments.com.
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