MTL Acquires Ocean Technical Systems

October 24, 2007 - Hampton, NH - The MTL Instruments Group plc (MTL) announced the acquisition of Ocean Technical Systems, Ltd. (OTS), a UK-based company specializing in Supervisory Control and Data Acquisition (SCADA) solutions for the oil and gas industries. The acquisition will add OTS' established reputation as an international provider of SCADA solutions in hazardous and potentially flammable environments to MTL’s position in the provision of hazardous area control and instrumentation systems and equipment.

OTS has a strong position of delivering SCADA solutions for the automation of berthing, loading and unloading of oil tankers and oil production vessels, floating production units (FPSOs), unmanned wellhead production platforms and the monitoring of oil and gas pipelines. It is expected that the OTS business will be able to leverage MTL’s sales channels and OEM relationships to significantly extend its international customer base. It will also benefit by using MTL’s purchasing power and electronic circuit board manufacturing capabilities to improve its competitiveness.

“Ocean Technical Systems is another excellent acquisition for MTL,” said Graeme Philp, MTL’s Chief Executive. “Over the last few years it has developed an innovative and highly competitive range of SCADA and navigation products. By giving OTS access to its international sales team, MTL will help to accelerate the expansion of its international reach.”

MTL Incorporated is the leader in the design, manufacture and marketing of electronic devices for the protection of instrumentation located in hazardous areas, as well as rugged measurement and control instrumentation for harsh and hazardous process applications and a complete surge protection offering for all plant systems including instrumentation, AC power and communications networks.

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