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.