Acquisition: Optimation buys Kodak engineering units


Optimation Industrial Services , a subsidiary of Optimation Technology Inc., signed an agreement to purchase the capital engineering, capitalized maintenance, and construction units of Kodak's Global Manufacturing Technology Organization . The companies describe Kodak as a major customer for Optimation, a designer of automated processes and machines systems for the manufacturing industries, which calls Kodak one of its most significant clients. The transaction, expected to be completed on or around Dec. 30, 2006, was announced Dec. 5. Terms were not disclosed, although assets and number of persons involved were discussed.

As part of the agreement, Optimation acquires equipment and facilities essential to operating the units and providing capitalized maintenance and construction services. Also under the agreement, Kodak contracts with Optimation to provide services in these areas. Optimation plans to hire approximately 162 employees currently working in these groups. Bill Pollock, president of Optimation, expects the added skills and staff to better serve other clients. "We'll be able to provide both design and maintenance services to other manufacturing plants in Rochester and beyond the local area," Pollack adds.

Terry Taber, general manager of the Global Manufacturing Technology Organization for Kodak, says, the "agreement offers the prospect for enhanced employment stability for our employees who will be moving over to Optimation Technology in 2007. Optimation is a leader in the industry segments it currently serves and is now expanding its scope of services. We look forward to working with them as a partner in our business. This agreement is structured to provide operating flexibility for Kodak, an essential characteristic for our future success."

Optimation, with headquarters in Rush, NY (near Kodak's headquarters in Rochester), has served Kodak for 22 years. Other Optimation offices and subsidiaries are in Syracuse, NY; Boston, MA; Houston, TX; Detroit, MI; St. Paul, MN; and Edmonton, Alberta, Canada. Optimation customer industries include chemical, food, pharmaceutical, medical devices, consumer products, glass, paper, energy, water, and wastewater treatment.

—Edited by Mark T. Hoske , Control Engineering editor in chief

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Robot advances in connectivity, collaboration, and programming; Advanced process control; Industrial wireless developments; Multiplatform system integration
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
click me