LI-COR Environmental acquires Onset to enhance environmental monitoring solutions
In a strategic move to bolster its capabilities in environmental monitoring and management, LI-COR Environmental, a leader in the field of greenhouse gas measurements, announced its acquisition of Onset, the owner of the HOBO brand. This acquisition, valued for integrating large-scale, spatially-distributed environmental monitoring and water resource management technologies, is seen as a crucial step in addressing the pressing issues of climate change and food security.
By acquiring Onset, LI-COR, with the backing of global investment firm Battery Ventures, is set to expand its portfolio to include advanced sensor networks, data acquisition, and cloud-based data monitoring systems. This expansion is not just about growing LI-COR’s product range but also about enhancing the global community’s ability to monitor and combat climate change effectively.
Jesse Feldman, a general partner at Battery Ventures, expressed enthusiasm about the acquisition, stating, “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.”
Onset, headquartered in Massachusetts and established in 1981, is renowned for its award-winning HOBO® and InTemp® data loggers. These devices are pivotal across various sectors, including agricultural and coastal research, green building performance, renewable energy systems, and temperature-controlled environments, supporting experts worldwide in their monitoring efforts.
Tom Reslewic, CEO at LI-COR, highlighted the growing importance of greenhouse gas measurements across different industries. “LI-COR solutions measure greenhouse gases in real time for emissions monitoring, agriculture, and environmental protection to provide answers about climate change,” he said. The acquisition of Onset is expected to cater to the increasing demand for comprehensive environmental monitoring, assisting companies and researchers in understanding their emissions and the effectiveness of carbon sequestration methods.
This merger between LI-COR Environmental and Onset is anticipated to drive significant advancements in the field of environmental monitoring, offering more robust solutions to tackle climate change and enhance food security globally.
The acquisition represents a forward-thinking approach to environmental stewardship, merging LI-COR’s expertise in greenhouse gas measurements with Onset’s capabilities in environmental monitoring. This combination is poised to offer a more comprehensive suite of tools for understanding and mitigating the impacts of climate change on a global scale.