The following is the text of a press release issued by Veethree Instruments:
(SARASOTA, Fla.) — Illinois based company, Veethree, OEM supplier of mechanical and electronic instrumentation, has announced that they have acquired the assets of the Gauge Division of Teleflex Incorporated.
Veethree will be manufacturing the existing Teleflex product line serving the marine and industrial markets in its state-of-the-art 35,000 sq. ft. manufacturing facility located in Sarasota, Florida.
“We are very pleased to have the opportunity to continue the great traditions of superior quality and styling that Teleflex has brought to the instrumentation industry for the last forty years” said Shekhar Tewatia, Vice President of Veethree. “This acquisition gives us a chance to enter the marine industry and consolidate Veethree’s position in the industrial segment. We are also very fortunate that many members of the Teleflex team have decided to join us.”
Founded in 1976, Veethree has a worldwide presence as an OEM, defense and aftermarket supplier of Instrumentation, Clusters, Sensors and Switches. Veethree plans to make the Sarasota facility their global engineering headquarters.