Maverick acquires GE Automation Services
Maverick Technologies has acquired the automation services division of General Electric, expanding Maverick's reach into new markets. "We are very excited about this acquisition," said Maverick chairman and CEO Paul J. Galeski P.E. "The purchase of GE Automation Services represents a strong strategic addition to our mix of automation, business and reliability solutions, and is an integral part ...
Maverick Technologies has acquired the automation services division of General Electric, expanding Maverick's reach into new markets. "We are very excited about this acquisition," said Maverick chairman and CEO Paul J. Galeski P.E. "The purchase of GE Automation Services represents a strong strategic addition to our mix of automation, business and reliability solutions, and is an integral part of our long-term strategy for sustained growth.
"Also, the acquisition will allow us to take advantage of the many cross-selling opportunities to our expanded customer base, broaden our national footprint, and enhance our global presence in the semiconductor, power generation, water and wastewater, pulp and paper, and automotive markets." Galeski continued, "The primary benefit of this acquisition, however, is the talented group of engineering, management, and administrative professionals who will be coming on board as part of this transaction."
GE Automation Services employs over 300 associates in 16 facilities throughout the U.S. offering expertise in such areas as batch and continuous processes, packaging and material handling, motion control systems, electrical systems, installation and maintenance/repair. "After reviewing numerous options, we felt that the financial track record, strong management team, and compatible service offering, all pointed to MaverickTechnologies as the best fit for this acquisition," said Robert Gilligan, vice president of GE Energy Services.
As part of the transaction, Maverick also acquired the controlling interest of C.F. Picou, a Baton Rouge, LA leading global provider of advanced process control systems integration services. "Maverick's specific experience in control systems and their overall automation marketplace involvement are a perfect fit for our advanced control service offering," said C.F. Picou CEO Jim Ford. "We are very excited to become a part of the MAVERICK team." continued Ford.
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