“This acquisition further increases our penetration and market share in the mining industry and also supports Strata’s plan for growth and diversity into adjacent industrial markets,” said Mike Berube, president and CEO, Strata Worldwide. “PMR created a differentiated technology for ventilation control that has set them apart from other suppliers. Obtaining these assets and capabilities enables Strata to offer an even broader portfolio of products and services to its domestic customer base.”
Berube added that the market knowledge and product expertise that resides with PMR’s resources will be a welcomed addition to the Strata team. It will enable Strata to continue to support PMR’s existing customer base after the ownership transition.