GSE Systems sells process solutions division to NovaTech

Columbia, MD—GSE Systems Inc. (GSE) recently agreed to sell its Process Solutions business to NovaTech LLC (Lenexa,.KS), a provider of SCADA systems, remote monitoring and automation systems for the electric utility and oil and gas industries.

10/03/2003


 

Columbia, MD— GSE Systems Inc. (GSE) recently agreed to sell its Process Solutions business to NovaTech LLC (Lenexa,.KS), a provider of SCADA systems, remote monitoring and automation systems for the electric utility and oil and gas industries. GSE provides real-time simulation and engineering services for the energy, process and military industries.

 

GSE plans to ocus on expanding its simulation technologies in the energy, military and homeland defense markets, as well as continue its nuclear and chemical plant security and process simulation businesses.

 

'The divestiture of the process automation business will enable us to strengthen our financial position. We will eliminate our debt, improve profitability and focus on expanding our core simulation technology,' says Jerry Jen, GSE’s president and COO. 'GSE and NovaTech will continue to work together to bring simulation and security solutions to the process industries.'

 

Aubrey 'Buz' Zey, NovaTech's president adds that, 'We believe the unique combination of communication and automation technologies will bring innovative solutions to the existing customers of both companies and address a larger market space. In addition, the geographic reach of the two businesses allows us to provide increased customer support to our target markets.”

 

Control Engineering Daily News Desk
Jim Montague, news editor
jmontague@reedbusiness.com

 



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.
Robotic safety, collaboration, standards; DCS migration tips; IT/OT convergence; 2017 Control Engineering Salary and Career Survey
Integrated mobility; Artificial intelligence; Predictive motion control; Sensors and control system inputs; Asset Management; Cybersecurity
Big Data and IIoT value; Monitoring Big Data; Robotics safety standards and programming; Learning about PID
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This article collection contains several articles on how automation and controls are helping human-machine interface (HMI) hardware and software advance.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.

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

Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.

(copy 5)

click me