Privately held business development firm TenX Ventures (www.tenxv.com) acquired Sparling Instruments (www.sparlinginstruments.com), a manufacturer of flow measurement solutions headquartered in El Monte, Calif. Sparling designs and manufactures flowmeters for the water and wastewater flow measurement markets, as well as for general industrial flow measurement markets. The company’s product lines include the TigermagEP line of magnetic flow meters as well as lines of propeller and vortex meters.
With the acquisition, Yosufi Tyebkhan, TenX Ventures managing partner, will become president of Sparling Instruments. Steve Kim, Sparling’s current president, will remain in an advisory role through a transition period.
Courtesy of Endress+Hauser
