Hamden-based TransAct Technologies Inc. on Monday completed its previously announced deal to pay at least $4 million for a tiny San Diego printer-maker whose rugged hardware is used primarily in the oilpatch.
Printrex’s printers also are used in the medical industry, officials said.
Mounted aboard oilfield trucks, Printrex printers attached to other equipment spit out data on drill depths, temperatures, viscosity and other information vital to petroleum exploration.
TransAct Chairman and CEO Bart C. Shuldman said Printrex will put his company centermost in the expanding global market for oil-and-gas drilling services and equipment as well as open the door to new markets for the technology.
