Schneider acquires Applied Instrument Technologies
October 24, 2016 by Manufacturing AUTOMATION
Oct. 24, 2016 – Energy management and automation provider Schneider Electric announced today it has acquired Applied Instrument Technologies (AIT), a provider of online process analyzers for the hydrocarbon, petrochemical, chemical, pharmaceutical and steel-making industries.
The acquisition adds to Schneider’s process automation portfolio that already includes Foxboro plant instrumentation, Foxboro and PlantStruxure PES process automation systems, Modicon PAC systems and Triconex safety systems, it says.
“AIT enhances our portfolio and strengthens our position as one of the world’s leading providers of process automation systems, solutions and services,” said Gary Freburger, president of Schneider’s process automation business. “Growing our capabilities is a critical part of our strategy to help our customers transform their businesses, improve their operational profitability and realize the future of automation. We are excited to add AIT and its accomplished team, and we will work closely and diligently with them to effect a seamless transition for our customers and other stakeholders.”
“AIT has been building a highly successful organization for almost 20 years, one that has helped revolutionize process analysis in several important industries,” continued Joe LaConte, AIT president. “Our employees and industry thought leaders have the proven ability and expertise to develop and deliver groundbreaking tools and technology that help our customers improve their operational profitability. We look forward to capitalizing on and strengthening the synergies we have cultivated with Schneider Electric over the years.”
AIT says its offerings will continue to be managed by its existing executive team. According to the parties, the integration should be finalized by late 2017.