Cooper acquires MTL Instruments Group
February 22, 2008 by Manufacturing AUTOMATION
Houston, Tex. – Cooper Industries’ subsidiary, Cooper Controls (U.K.) Limited, has acquired more than 98 percent of the outstanding shares of The MTL Instruments Group and will exercise its right under U.K. law to acquire the remaining outstanding shares.
MTL develops and supplies instrumentation and protection equipment for use in hazardous environments. According to Cooper Industries chairman and CEO Kirk S. Hachigian, the company believes the transaction will accelerate the growth of Cooper Crouse-Hinds within the global petrochemical and energy markets.
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