Siemens’ move to buy Controlotron will broaden process instrumentation presence
Siemens Energy & Automation Inc. has signed an asset purchase agreement to acquire the assets and business of Controlotron Corp. Siemens expects to complete the deal in May, but did not disclose terms.
Siemens Energy & Automation Inc . has signed an asset purchase agreement to acquire the assets and business of Controlotron Corp . Siemens expects to complete the deal in May, but did not disclose terms.
Purchase of Controlotron, a manufacturer of non-intrusive ultrasonic flow measurement devices, is expected to enhance Siemens' position in the process instrumentation market. Siemens expects to operate the acquisition from Controlotron's Hauppauge, NY-location, and make it a center for ultrasonic flow measurement. Controlotron employs approximately 120 people. Siemens said it would extend formal offers of employment to workers a week before the deal is final.
"Controlotron is highly recognized for its advanced technology in non-intrusive flow measurement, and its strong market positions in oil and gas, water and wastewater, HVAC, energy, and pipeline applications," said Aubert Martin, president and CEO of Siemens Energy & Automation. "A combined portfolio represents a robust and complementary offering."
—Jeanine Katzel, senior editor, Control Engineering,