# McCoy Global acquires assets of 3PS Inc.

McCoy Global acquired the assets of 3PS Inc., a subsidiary of Pason Systems, for US $6.1 million. 3PS specializes in sensors and systems for heavy industry, including Torque and Tension Sub technology.

- Type: Acquisition
- Announced: 2017-01-04
- Where: Austin, Texas, United States
- Value: $6.10M
- Status: completed
- Products: sensors, Torque and Tension Sub technology
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [McCoy Global](https://endata.com/companies/21227.md) (acquirer)
- [3PS Inc.](https://endata.com/companies/21228.md) (target)
- [Pason Systems](https://endata.com/companies/21229.md) (partner)

## Sources

- [mccoyglobal.com](https://www.mccoyglobal.com/news/mccoy-global-inc-announces-strategic-asset-acquisition-of-3ps-inc/), 2017-01-04: "3PS is an ideal strategic acquisition: it positions McCoy as a TTS global technology leader and contributes valuable design and engineering expertise for further development of data collection technologies."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.