Colfax Corp. acquires Fairmount Automation
-- Control Engineering, 2/14/2008
Colfax Corp. has announced the completion of its acquisition of proprietary programmable automation controller (PAC) manufacturer Fairmount Automation Inc. of Newtown Square, PA. Fairmount develops custom control algorithms and software for process control and machinery automation applications, and provides engineering services and project integration support. Terms were not disclosed.
The company also makes “highly configurable control systems that provide maximum application flexibility and redundancy in a severe duty package for rigorous military specifications,” and it was recently awarded a sole-source contract to design and develop an automated damage control system for the U.S. Navy’s DDG-1000 Destroyer platform.
Fairmount was founded in 1996 and has 34 associates. Its products are installed on more than 30% of the Navy fleet, according to the company. Colfax president and CEO, John A. Young, said, “The acquisition of Fairmount broadens our defense product offering and strengthens our positioning to serve the fluid handling needs of the U.S. Navy. Additionally, the Fairmount controls platform, when integrated with our broad pump portfolio, will allow us to offer greater value to our industrial customer base.”
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