Last updateMon, 27 Aug 2018 3am

ABB completes acquisition of Powercorp

Zurich, Switzerland, Dec. 12, 2011 – ABB, the leading power and automation technology group, today announced that it has completed its acquisition of Powercorp.

Powercorp's portfolio includes automation and control technologies to manage the integration of renewable energy into isolated grids and keep generation in balance with consumption. The company also supplies systems that dynamically store and release energy in response to frequency and voltage deviations, to stabilize small or remote grids. These solutions help to maintain power stability and quality while minimizing environmental impact.

The acquisition strengthens ABB’s portfolio of control technologies and brings expertise for the integration of renewable energy into conventional micro and remote island grids.

Tyco International Completes Acquisition of Visonic Ltd.

Tyco International Ltd. (NYSE: TYC) announced today that the company has completed the acquisition of Visonic Ltd. (TASE: VSC.TA), a global developer and manufacturer of electronic security systems and components, for approximately $100 million in cash. The acquisition was first announced on September 15, 2011.

A leader in advanced wireless technology for the security industry, Visonic's portfolio includes wireless communications technologies that offer increased range and secure communications. These technologies are in use in more than 1 million wireless installations around the world.

"The addition of Visonic to the Tyco Security Products portfolio advances our strategy to provide our global customer base with broad-based, best-in-class security solutions," said Mark VanDover, President of Tyco Security Products. "The company's technological capabilities and strong presence in markets such as Europe enable us to further enhance the solutions and reach of our intrusion security portfolio."

The Visonic business, which has annualized revenues of more $75 million, will be integrated into Tyco's Security Products unit, a leading global provider of access control, video and intrusion solutions.

Rotork acquires Prokits Ltd

Rotork has announced the acquisition of Prokits Ltd, a designer and manufacturer of valve adaptor kits and accessories for the valve industry, based in Mansfield, UK. Rotork has acquired all the share capital of Prokits.

Prokits has been known to Rotork for many years and the company has built an established customer base for valve adaptation kits and accessories. The sole owner of Prokits, Craig Mellins, has been appointed as General Manager of Rotork Valvekits into which the Prokits business will be merged.

Commenting on the acquisition, Rotork Chief Executive Peter France said: “The acquisition of Prokits, for which Craig Mellins has established a good reputation in the market over the last decade, will increase the customer base and scale of our Rotork Valvekits valve adaptation and accessory products business.”

Amplicon launch new division – Engineering Services

Amplicon has announced the introduction of a new division, Engineering Services. This new venture, as well as creating new employment opportunities, is to provide the market place with a trusted partner who can be viewed as an extension of the customers own team creating value that can be delivered straight to the bottom line.

Whilst Amplicon is already renowned for supplying high quality complex systems, the new Amplicon Engineering Services division combines the best engineering practice over a range of disciplines such as mechanical, electrical and electronic engineering as well as a custom integration and build facility.; bringing together and capitalising on all of the skill sets that have become the hallmark of Amplicon over the past years.

Know more about  Amplicon