May 30, 2023 (Dallas, Texas) – Rochester Sensors, LLC (“Rochester”), a designer and manufacturer of liquid level sensors and gauges, announced today that it has acquired the stock of Tekelek Europe Limited (“Tekelek”). The acquisition of Tekelek is part of a multi-year strategy to expand Rochester’s technical portfolio and footprint to create a global, diversified liquid level sensor business. Rochester has now acquired 4 companies in the liquid level sensor space.
Founded in 1995, Tekelek designs and sells a wide range of liquid level sensors and brings deep expertise in non-contact ultrasound and free-space radar technology (hardware and firmware), including certified hazardous location devices. Tekelek also provides Rochester remote monitoring capability via cellular (CAT-M / NB-IoT) and LoRa products, which is particularly valuable for refined fuels delivery logistics software providers, where Tekelek’s hardware can expand and support the scope of their services.
Ben Lease, President at Rochester Sensors commented, “We are excited about the acquisition of Tekelek as it provides us with wireless sensor technologies supporting software platforms that drive delivery and logistics efficiencies. Tekelek’s existing customer base will benefit from the combined company’s extensive resources in liquid level sensor measurement, including additional products and deep design and engineering expertise. We look forward to continuing to serve the Tekelek customer base with high quality products.”
About Tekelek Europe
Tekelek Europe, based in Shannon, Ireland designs and sells liquid level sensors and other electronic components, primarily utilizing ultrasound and hall effect sensor technologies. Tekelek serves OEM customers and distributors in the fuels and lubes space primarily in Europe.
About Rochester Sensors
Rochester Sensors (rochestersensors.com) is a manufacturer of liquid level sensors, switches and gauges for various applications, such as on-road and off-road equipment, residential and commercial propane, fork truck, recreational marine, RV, lawn and garden equipment, power generation and general aviation. Rochester has manufacturing facilities in Dallas, Texas; Mexico City, Mexico; Warwick, UK; Brussels, Belgium with a sales office in Shanghai, China.
About Renovo
Renovo Capital, LLC (renovocapital.com) is a Dallas, TX-based lower middle market private equity firm comprised of seasoned operating and investing professionals. Renovo makes control investments in technical product and service businesses that have the potential to generate meaningful value through operational improvements and strategic initiatives. Since its founding in 2009, Renovo has completed over 35 transactions and raised over $400M of committed capital.
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