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Industry News
ABB Completes Acquisition Of K-TEK
ABB, a power and automation technology company, has completed its acquisition of Prairieville, Louisiana, U.S.A., company K-TEK, adding to the measurement products business unit within ABB’s process automation division. K-TEK is a level detection technology developer with a customer base in the oil and gas industry.
“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,” said Veli-Matti Reinikkala, head of ABB’s Process Automation division. “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.”
K-TEK employs more than 250 people with facilities in China, Netherlands, India, South Africa and the United States.
For more information: www.abb.com
Thursday, July 08, 2010
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DIESEL & GAS TURBINE WORLDWIDE
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