Newsline

Siemens to Acquire Controlotron

May 8, 2006
/ Print / Reprints /
ShareMore
/ Text Size+
ATLANTA - Siemens Energy & Automation Inc. has signed an asset purchase agreement to acquire the assets and the business of Controlotron Corp., headquartered in Hauppauge, N.Y. The company expects to close the deal in May and did not disclose terms.

Siemens is a process instrumentation and factory automation company. Controlotron is a leader in nonintrusive ultrasonic flow measurement and is expected to enhance Siemens` position in this market segment.

"The purchase of Controlotron will strengthen Siemens' portfolio and broaden its presence in the process instrumentation market," said Aubert Martin, president and CEO, Siemens Energy & Automation Inc. "Controlotron is highly recognized for its advanced technology in nonintrusive flow measurement, and its strong market positions in oil and gas, water and waste water, HVAC, energy, and pipeline applications. A combined portfolio of Siemens and Controlotron products, services, and solutions represents a robust and complementary offering to our customers."

"Access to Siemens worldwide distribution channel and the combined product portfolio will support an aggressive growth strategy and further penetration into both existing and new markets," said Tony Muraco, senior vice president and COO, Controlotron Corp.

Publication date: 05/08/2006

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 World Energy Engineering Congress

Scenes from the 2014 World Energy Engineering Congress in Washington, D.C.

Podcasts

NEWSMakers: Cynthia Hutson

Cynthia Hutson, chairperson of ACCA of Central Ohio, talks about the organization’s Heat the Town events, the importance of carbon monoxide checks, and what is coming up for ACCA. Posted on Nov. 21.

More Podcasts

ACHRNEWS

NEWS 11-24-14 cover

2014 November 24

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

R-22 SUPPLIES

Now that EPA has finalized its R-22 phaseout plan, with a large drop in 2015, do you think there will be an adequate supply next year?
View Results Poll Archive

HVACR INDUSTRY STORE

2015.jpg
2015 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con