Environnement Acquires Particulate-Monitor Firm
The acquisition broadens the range of particulate-monitoring systems that Environnement provides. PCME has 60 employees and an operating margin of more than 15%. Environnement 2013 revenues grew 10% to €53.4 million ($71.2 million = €0.75 = $1). The company aims to have €100 million ($133 million) in revenues in 2018–2020.
Paris, France 7/21/14; St. Ives, UK 7/22/14 —Environnement, a publicly held French provider of online environmental monitors, has acquired UK-based PCME for €8 million ($11 million = €0.74 = $1). PCME supplies continuous particulate monitors for industrial processes and had fiscal 2014 revenues of €10 million ($14 million). “The expertise of PCME for the monitoring of particulate in industrial processes, combined with the expertise of Environnement SA in the monitoring and detection of very low concentrations of gas and fine particulate, including PM10 or PM2.5, will definitively provide a new generation of equipment for the industrial regulatory market,” stated François Gourdon, president and founder of Environnement. PCME will remain autonomous and retain its management team. The companies plan to introduce new flow emission monitors and accelerate R&D.
