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| MTL acquires RTK Instruments |
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November 8, 2007 - Hampton, NH. - The MTL Instruments Group acquired a 90% stake in RTK, experts in the design and manufacture of process alarm equipment, displays and interface products.
RTK is well known as an international provider of alarm handling and annunciation equipment for the utilities and process control markets. RTK has specific expertise in the application of alarm handling apparatus in hazardous and potential flammable environments. This makes the company an ideal fit for MTL, a world leader in hazardous area control systems and instrumentation.
Following the acquisition, RTK will be able to extend its international customer base by leveraging MTL’s extensive sales channels and OEM relationships. In addition, RTK will take full advantage of MTL’s worldwide purchasing power.
“RTK is a natural fit for MTL,” said Graeme Philp, MTL’s Chief Executive. “RTK has developed an innovative and highly competitive range of annunciation equipment and has been expanding its international reach considerably. MTL will help continue and accelerate this growth. RTK’s considerable expertise and experience in building semi-custom assemblies and subsystems will provide MTL with an added value its customers are increasingly requesting.”
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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