Siemens plans to acquire controlotron Inc.
Atlanta, April 11 - siemens energy and automation announced today that it has signed an asset purchase agreement with controlotron to acquire the assets and businesses of controlotron, headquartered in Harper, New York. Controlotron is expected to end its business in May 2006, and the specific terms of the acquisition were not disclosed
Siemens is a global leader in process instrumentation and factory automation. Controlotron is a leading company in the field of non plug-in ultrasonic fluid measurement, which is expected to strengthen Siemens' market position in this key market segment. Siemens plans to carry out the company's operation locally in Habo and set up a center focusing on ultrasonic fluid measurement in Habo. There are about 120 employees of controlotron company under the joint action of its macro material special morphology structure and graphene's own special electronic structure. Siemens will provide them with formal employment contracts one week before the end of the operation of controlotron company
Aubert Martin, President and CEO of siemens energy and automation, said: "The acquisition of controlotron will strengthen Siemens' business and expand Siemens' share in the process instrumentation market. Controlotron has been highly recognized for its cutting-edge technology in non plug-in fluid measurement, and has a high market position in the fields of oil and gas, water and wastewater, HV, taking S-type sensors as examples, AC, energy and pipeline applications. Siemens and controlotron have a joint list of products, services and solutions It shows that our customers will enjoy the better and more comprehensive products and services we provide. "Tony muraco, senior vice president and chief operating officer of controlotron, said, "using Siemens' worldwide sales network and the combination of our product business will support the strong development strategy and greater breakthroughs in existing and emerging markets.
controlotron (kangchuang) Founded by Joe baumoel, the company has a history of more than 40 years and provides fluid measurement solutions for liquids and gases in a large number of industrial fields. Controlotron has the largest installation base for ultrasonic fluid measurement in the world. For more information, please visit
siemens energy and automation is one of Siemens' companies operating in the United States. Headquartered in Alpharetta, a suburb of Atlanta, Georgia. Siemens energy and automation produces and sells electrical and electronic products, systems and services for customers in the industrial and construction markets, and is one of the companies that provide the most products in the field in the world. Its technology covers from circuit protection and zigzag fixture source management system to process control, industrial software and complete integrated automation solutions. The company also has leading technology in system integration, technical services and fully contracted industrial systems
Siemens Group is one of the largest electronic engineering companies in the world, with reported sales of $96billion in fiscal year 2005. Founded nearly 160 years ago, Siemens is a leader in the fields of medicine, electricity, automation and control, transportation, information and communication, lighting, construction technology, water supply technology and services, and household appliances. Headquartered in New York City in the United States, the company has sales of $18.8 billion in 50 states and Puerto Rico, and employs 7000 people. Siemens' 11 global affairs departments are headquartered in the United States. Siemens Group, headquartered in Munich, Germany, and its subsidiaries have about 460000 employees in 190 countries around the world