AUTOMETER PURCHASES STACK UNLIMITED

Auto Meter Products, Inc., a Harbour Group company, completed the acquisition of Stack Limited, Jeff King, President of Auto Meter, announced.  Terms of the transaction were not disclosed.

Stack Limited, based in Bicester, United Kingdom, is a leading global developer and supplier of professional-quality data acquisition systems and instrumentation for automotive racing and other rugged applications.  Stack’s products include sophisticated modular data and video-logging solutions, integrated driver displays, tachometers, and other gauges.  Alan Rock, Managing Director, and Trevor Tapping, Technical Director, lead Stack Limited and will continue in their respective roles after the transaction.

Mr. King commented, “The product development capabilities of the Stack team are renowned in the racing industry, and their brand is incredibly well-regarded.  The combination of their products and ours creates a powerful force in the critical function of information management for race teams.  Alan and Trevor built a great business, and we look forward to providing them the resources they need so they can focus on what they most enjoy – building great products and growing their worldwide customer base by servicing their customers beyond expectations.”

“We’re very pleased to have Stack as a partner to Harbour Group and Auto Meter, and we look forward not only to aggressively growing the current Stack business, but also to the many exciting new product development opportunities this relationship creates,” said Jeff Fox, Harbour Group’s Chief Executive Officer.  “Expanding and improving our data-acquisition offering is a high-priority objective for Auto Meter, and we believe Stack's products and engineering capabilities are among the best in the world in the data-acquisition space.  We’re confident this transaction will enable us to realize our objective."

Mr. Rock added, “Trevor and I have a strong team, of which we’re very proud.  Stack designs and produces arguably the best products on the market, and now, with the support of the larger Auto Meter organization, we’ll be able to accelerate that development and improve our behind-the-scenes operations to better serve our customers across the globe.  We’ve had several opportunities to partner with different companies over the years, but the opportunities this relationship with Auto Meter and Harbour Group provides to accelerate new product development and better serve our customers were too great to ignore.  We’re very excited.” 

Auto Meter designs and manufactures a broad range of automotive gauges, test equipment, data acquisition systems and accessories for auto, truck, motorcycle, and marine enthusiasts.  From professional race teams in the top tier of their industry to individuals rebuilding cars in their garages, enthusiasts everywhere trust Auto Meter products to enhance the performance and appearance of their vehicles.  Based here in Sycamore, Auto Meter delivers products to enthusiasts around the world through a comprehensive distribution network of wholesale distributors, retailers, professional resellers and original equipment manufacturers. 

Harbour Group, a privately owned company based in St. Louis, and its operating companies are engaged in the manufacture and distribution of a wide variety of consumer and industrial products.  In addition to abrasives, diamond cutting products and related tools, current offerings include automotive enthusiast products, lubricating systems and equipment, specialty LED lighting products, linear actuators and switches, entertainment products, auxiliary plastic processing equipment, and heat exchange equipment.  Since its founding in 1976, Harbour Group has completed 150 acquisitions in 32 industries.
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