ABB completes acquisition of K-TEK , ABB Indonesia
Release Date: 2010-07-08
Houston, Texas, July 8, 2010 – ABB, the global power and automation technology group, announced today it has completed its acquisition of Prairieville, Louisiana company K-TEK, which becomes part of the Measurement Products business unit within ABB’s Process Automation division.With over 350,000 installations since its founding in 1975, K-TEK is recognized as a global leader in level detection technology. The operation employs more than 250 people with facilities in China, Netherlands, India and South Africa in addition to the US.
Veli-Matti Reinikkala, head of ABB’s Process Automation division, noted K-TEK’s leadership position in the oil and gas industry, where ABB has a large installed base.
“This acquisition will provide our mutual customers in oil and gas, water and other industries with access to an expanded range of leading-edge instrumentation and sensing technologies.” he said. “We see a lot of potential for synergy between ABB’s extensive geographic reach and exposure to other industries, and K-TEK’s depth in level detection technology.”
The acquisition is in line with ABB’s strategy to pursue growth opportunities that complement the company’s product, technology and geographical portfolio.
| Type: | NORMAL |
| Company: | ABB Indonesia |
| Country: | 印尼 |