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Company Profile

Omega Engineering

Omega Engineering is an American instrumentation company headquartered in Norwalk, Connecticut, with its main factory in Swedesboro, New Jersey.

History
The company was founded in 1962 by Betty Hollander at her kitchen table while she was raising four children. Omega began as a thermocouple manufacturer but slowly transitioned to other types of instrumentation. , Omega manufactures and sells devices that measure everything from temperature to pH. In 2016, as the company moved their headquarters to Norwalk, Connecticut, President Joe Vorih publicly stated that Omega would be "moving from being a traditional industrial sensor company to a wireless technology company." Hacking In 1996, Tim Lloyd, an 11-year employee of Omega and a network administrator within the company, was fired. Three weeks after he was fired, he unleashed a software time bomb within Omega's computer systems, deleting the software that ran all of the company's manufacturing operations at its factory in Bridgeport, New Jersey. Law enforcement was contacted by Omega executives during the second week of the incident and the U.S. Secret Service found suspicious activity early on, including deliberate data erasure and reformatting of critical files. The company spent nearly $2 million repairing the programs and lost nearly $10 million (equivalent to $ million in ) in revenue, resulting in 80 employee layoffs, though Lloyd's lawyer stated that Omega's losses were far smaller. Lloyd was convicted of computer sabotage and sentenced to 41 months in Federal prison. The Lloyd hacking case is considered one of the largest employee sabotage cases in United States business history. The case also aired in a Forensic Files episode "Hack Attack", episode 39 of season 8. ==Sale to Spectris==
Sale to Spectris
In April 2011, Betty Hollander died, and the company was turned over to her husband Milton.to British-based Spectris for $475million (equivalent to $ million in ). ==Sale to Arcline==
Sale to Arcline
On 19 April 2022, Spectris announced the sale of Omega Engineering to US-based Arcline Investment Management for $525million (equivalent to $ million in ). This was more than $100million above the net book value subsequent to the goodwill write-off that Spectris previously took. Omega was merged into Arcline's Dwyer Group, renamed the DwyerOmega Group. ==References==
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