Cascade Technologies sold to US engineers Emerson
A University of Strathclyde spin-out company specialising in gas analysis has been bought by US-based engineering firm Emerson for an undisclosed sum.
Cascade Technologies, which originated in Strathclyde's Department of Physics, uses technology capable of measuring multiple gases simultaneously.
It aims to help companies improve industrial emissions monitoring and production efficiency.
The deal with Emerson is Strathclyde's largest spin-out company sale to date.
Cascade Technologies, which specialises in Quantum Cascade Laser-based gas analysers and gas emission monitoring systems, is based in Stirling.
Strathclyde has formed a total of more than 50 spin-out companies, of which about 40 are still trading, making sales of £80m a year and employing about 800 people.
Dr Iain Howieson, chief executive of Cascade Technologies, said: "Joining a global leader like Emerson represents an incredible opportunity for business growth."