Siemens acquiring Controlotron
Siemens Energy & Automation, Inc. acquired Controlotron Corporation of Hauppauge, NY. The company expects to close the deal in May 2006.
Siemens is a global leader in process instrumentation and factory automation. Controlotron is a leader in non-intrusive ultrasonic flow measurement and is expected to enhance Siemens' position in this key market segment. Siemens intends to operate the company from its Hauppauge location, which it plans to make a center of competence for ultrasonic flow measurement. Controlotron employs approximately 120 people, to whom Siemens will extend formal offers of employment one week prior to the closing.
"The purchase of Controlotron will strengthen Siemens' portfolio and broaden its presence in the process instrumentation market," said Aubert Martin, President and CEO, Siemens Energy & Automation, Inc.