Intelex announces Definitive Agreement to be Acquired by Industrial Scientific - Seite 2

"Joining Industrial Scientific and the Fortive group of companies is a game-changer for Intelex as well as the industry. This propels our vision of enhancing environmental, worker health and safety, and quality programs through cyber-physical approaches," said Mark Jaine, CEO of Intelex. "The acquisition allows us to accelerate our innovation and extend our reach into new markets on a global scale. Drawing on the strengths of both companies, we will be able to deliver a one-stop shop for EHSQ 4.0 automation. With Intelex acting as the central nervous system to connect the dots, this acquisition allows us to close the loop on IoT-enabled sustainability, worker safety, and operational risk and performance."

The transaction is expected to close late in the second quarter or early the third quarter of 2019, subject to customary closing conditions including regulatory approvals, upon which Intelex will be operated as a stand-alone company inside Industrial Scientific.

ADVISORS

Evercore acted as exclusive financial advisor to Intelex in connection with the transaction. Goodwin Procter LLP and Osler, Hoskin & Harcourt LLP acted as legal counsel to Intelex in connection with the transaction.

About Intelex Technologies

Intelex Technologies Inc. is a global leader in environmental, health, safety and quality (EHSQ) management software. Since 1992 its scalable, web-based platform and applications have helped clients across all industries improve business performance, mitigate organization-wide risk, and ensure sustained compliance with internationally accepted standards (e.g., ISO 9001, ISO 14001, ISO 45001 and OHSAS 18001) and regulatory requirements. Virgin Atlantic, Brinks, Air Liquide, Lafarge, Volvo and over 1,100 customers in 172 countries trust Intelex to power their EHSQ initiatives. Intelex is one of North America's fastest-growing technology companies, recognized as a Great Place to Work for over 7 years, recipient of Waterstone's Most Admired Corporate Cultures award, and Deloitte's Best Managed Companies award. For more information, please visit www.intelex.com.

INTELEX PR CONTACT FOR THIS RELEASE: Jennifer Rollo, Manager of Marketing Communications, Events & Strategy, Phone: [phone], Email: [e-mail]