Audax Group Acquires Viatran Corporation

Dynisco LLC, a portfolio company of Audax Group, announces that effective March 31, 2005 it has acquired Viatran Corporation from Invensys plc

Viatran Corporation ("Viatran") is a leading supplier of pressure transducers and transmitters to the oil and gas industry as well as the test stand, fluid power, and food and beverage industries.

Dynisco LLC ("Dynisco") is a leading supplier of pressure instrumentation, extrusion auxiliary equipment and polymer testing instruments to the worldwide plastics and rubber processing industries through its Dynisco Instruments, Dynisco Extrusion, Dynisco Polymer Test and Alpha Technologies units. In addition, Dynisco Instruments has a long history of supplying industrial pressure transducers to industries such as fluid power, test stands and oil recovery.

Larry Klumpp, President and CEO of Dynisco, issued the following statement on the transaction. "The combination of Dynisco and Viatran results in a much larger and more comprehensive industrial pressure transducer and transmitter product offering. Viatran has an excellent reputation in the industries it serves for quality, service and product innovation. When we look at combining Viatran with Dynisco Instruments, the result yields capabilities unique in the industry. In addition, we will now be able to deliver even more solutions to our customers in the industries we both serve, such as oil and gas, test stands, fluid power and sanitary clean in place pressure measurements for the food and beverage markets. Finally, Viatran has traditionally been focused on the North American market. Dynisco's distribution channels in Europe, Asia and Latin America should result in a greater penetration of Viatran products on the world market."

Leveraging its partnership with Audax Group, Dynisco has acquired two businesses, Alpha Technologies and Viatran, which broaden the company's product offering and manufacturing capabilities. Dynisco, in partnership with Audax, continues to look for acquisition opportunities that will allow Dynisco to leverage its core business.

Source: Dynisco