Cooper acquires MTL Instruments Group
MTL is a leader in the development and supply of electronic instrumentation and protection equipment for use in hazardous environments. With over 6,000 active customers, many critical processes at the worlds largest industrial facilities are monitored, controlled, or protected by MTL products. MTL has a strong global commercial footprint including operations in India, China, and the Middle East. For the year ended December 31, 2006, MTL reported consolidated revenues of £85.3 million.
We are very pleased to add MTL to our Cooper Crouse-Hinds portfolio and increase the breadth of our harsh and hazardous product offerings, said Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian. MTL has a strong reputation for innovation, product quality, and excellent customer service and we believe that this transaction will accelerate the growth of Cooper Crouse-Hinds within the global petrochemical and energy markets. Additionally, we believe that we can leverage MTLs technology assets in process automation and instrumentation to build the next generation of intelligent explosion-proof products, which will deliver significant value to our customers.
Over the past 35-plus years, MTL has developed industry-leading technology in instrumentation and protection equipment that serves as the interface between sensors and the main control system in a facility, commented Dr. Graeme S. Philp, Chief Executive of MTL. Cooper Crouse-Hinds provides the electromechanical devices that create the infrastructure for power delivery in many of the same facilities around the world. The combining of MTL with Cooper Crouse-Hinds, therefore, will foster the development of innovative and integrated solutions for customers who want hazardous area protection equipment around the world.
The MTL acquisition closely follows the Coopers disciplined three-tiered acquisition strategy: building upon the existing explosion-proof electrical products platform; adding significant technology offerings for our customers in harsh and hazardous environments; and enhancing our global footprint, as MTL is particularly strong in developing markets.
About Cooper Industries
Cooper Industries, Ltd. is a global manufacturer with 2007 revenues of $5.9 billion, approximately 87 percent of which are from electrical products. Incorporated in Bermuda with administrative headquarters in Houston, Cooper employs approximately 31,500 people and operates eight divisions: Cooper B-Line, Cooper Bussmann, Cooper Crouse-Hinds, Cooper Lighting, Cooper Power Systems, Cooper Safety, Cooper Wiring Devices and Cooper Tools. Cooper Connection provides a common platform for Coopers marketing and sales to electrical distributors.
MORE INDUSTRY NEWS
ISA and Automation Federation expert Steve Mustard to present at Advanced Design and...
Mustard is featured in an online article—posted by PLASTICSTODAY—that promotes the presentation he will be giving next week at the Advanced...
On Robot to announce expansion into US market at Automate 2017
Officially launching to the North American market at Automate 2017 in April, On Robot’s two-finger RG2 grippers—available in both single and...
Helukabel announces completion of expanded German production plant
One of the project’s objectives was to consolidate global R&D activities into one location. The engineering center houses additional test and...
EU Horizon 2020 launches RobMoSys robotics software project
RobMoSys (Composable Models and Software for Robotics) is an €8 million Innovation Action involving 9 partners from 5 countries and will be...
SME Education Foundation partners with NASA Hunch to advance high school manufacturing education
This new collaboration is designed to attract and introduce more high school students to career opportunities in the industry and prepare them to...
Micro-Epsilon's displacement measurement sensors to be used in European telescope project
The European Southern Observatory based in Garching, Germany, is relying on displacement measurement systems from Micro-Epsilon for a project to...
Insights on Digital Transformation
The reality is total adoption of IIoT is a ways off and users today need to start the digital transformation for their enterprise...
Microscan partners with Lakewood Automation to demonstrate MicroHAWK capabilities at Advanced...
MicroHAWK, in combination with the browser-based WebLink user interface, allows users to adjust reader settings remotely and to monitor results in...
Four Common Sources of Inaccuracy in Sensor Measurements
By CAS Dataloggers
This White Paper from CAS DataLoggers addresses four measurement accuracy issues in the order of most to least common.
Alphabet Soup: Understanding IoT Acronyms and How to Compare Them
By Matt Smith, Cortet Engineering
This article will aim to help your decision-making process by explaining the existing technologies and...