The Metris group has raised more than $40 million to finance key strategic acquisitions in the metrology sector. "Indoor GPS is one of the most exciting technologies in the metrology market today. Arc Second and its technologies will be a key engine fueling the growth of the Metris group in the future," said Bart Van Coppenolle, President and CEO of Metris.
Edward Barrientos will be relinquishing his role as President and CEO of Arc Second and will join the Metris Board of Directors. "The adoption of Indoor GPS technology by many of the world's most respected manufacturers has continued to gain tremendous momentum," said Barrientos. "This acquisition combines Arc Second's powerful technology with Metris' world-class marketing and distribution."
About Arc Second, Inc.
Arc Second develops, manufactures and markets Indoor GPS measurement, positioning and tracking solutions. In contrast to its outdoor counterpart, Indoor GPS provides sub-millimeter level positioning capabilities for both indoor and outdoor applications. The company markets its products to the construction, architecture, manufacturing, product design, robotics, aerospace, automotive, virtual reality and movie special effects sectors.
Founded in 1990, Arc Second is located in Dulles, Virginia. More information about Arc Second and Indoor GPS can be found on the company's website www.indoorgps.com.
About Metris
Metris designs, develops and markets a unique range of 3D hardware and software inspection systems for the automotive and aerospace sectors. The company offers world-class metrology solutions for both design and manufacturing communities. The comprehensive product family covers the full range of measurement volumes required by customers, in both fixed and portable configurations and with optical and touch sensors.
The Metris Headquarters are based in Leuven (Belgium) with additional production and development centers in UK (Derby, London) US (California, Detroit, Virginia), China, Russia and Bulgaria. Metris provides a worldwide network of sales and support offices located in Europe, Asia, and the United States.
More information about Metris can be found on the company's website www.metris.com.
Contact:
David K. Burnap Public Relations Dave Burnap, 937-414-0923 Email Contact