Nebraska, USA-based LI-COR Environmental, the global leader in greenhouse gas measurements, acquired Onset®, owner of the HOBO brand, a leader in large-scale, spatially-distributed environmental monitoring and water resource management. The company announced the acquisition on April 9, 2024. However, it did not disclose the amount of the acquisition.
Purpose of the acquisition by LICOR
With this acquisition, LI-COR, supported by international investment firm Battery Ventures, adds sensor networks, data collecting, and cloud-based data monitoring to its portfolio of solutions related to greenhouse gases.
What the LICOR and Battery Ventures official has to add
Jesse Feldman, a Battery Ventures general partner, said, “We are excited to add diverse and complementary products from Onset to the LI-COR portfolio. 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.”
Tom Reslewic, CEO at LI-COR, further said, “LI-COR solutions measure greenhouse gases in real time for emissions monitoring, agriculture, and environmental protection to provide answers about climate change. Historically, the work of researchers and 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.”
About LI-COR Environmental
When it comes to measuring greenhouse gases, LI-COR Environmental is the world leader. We manufacture the tools and software used to detect water and greenhouse gasses in soil, plants, oceans, and the atmosphere. Our group of scientists and engineers has been coming up with creative solutions to international research problems for more than 50 years.
About Onset
Founded in 1981 in Massachusetts, Onset is the maker of the renowned HOBO® and InTemp® data loggers, which are used globally to assist professionals in a wide range of monitoring applications, such as temperature-controlled environments, renewable energy systems, green building performance, agricultural and coastal research, and more. Since its establishment in 1981, Onset, a Cape Cod, Massachusetts-based firm, has designed and manufactured its data loggers and monitoring solutions on-site. Globally, a wide range of applications, including indoor and outdoor environmental monitoring and water and coastal research, rely on our highly acclaimed HOBO® data loggers and weather stations. The act of keeping an eye on pharmaceutical items that are temperature-controlled throughout the cold chain is made incredibly simple by our InTemp® loggers.
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