Siemens goes on acquisitions trail
Feb 2000
News
Siemens
The Siemens Automation and Drives Group (A&D) has recently acquired two American companies and parts of a German company.
Milltronics
Siemens reached an agreement on 21 January with the major shareholders of Milltronics, through Siemens Canada, with the aim of purchasing Milltronics. The total value of the offer is in the region of R1,3 billion. Milltronics has annual sales of approximately R497 million and around 600 employees. The A&D Group is planning to build up Milltronics to form an independent business unit for level monitoring in the process industry.
Moore
On 17 January an agreement was reached with the shareholders of the Moore Products Corporation via the US company Siemens Energy & Automation, with the aim of purchasing Moore. In the context of a public tender offer Siemens made a cash offer on 21 January for all outstanding Moore shares. The total value of the offer is in the region of R1 billion. "This acquisition unites a company offering leading automation technology and services for the process industry, with one of the largest electrical and electronics companies in the world," commented Donald E. Bogle, President and CEO of Moore Products.
Moore employs some 1200 staff and has annual sales of around R1 billion.
How does this affect Moore Process Controls in South Africa?
a. Moore Process Controls is a private company with 96% of its shares held by local shareholders. Moore Products USA holds 4% of the shares which means that when the deal is concluded, Siemens will acquire 4% of Moore Process Controls in South Africa.
b. Moore Process Control is the sole distributor for Moore Products hardware and software products for the whole of sub-Saharan Africa, so it will continue to offer the same product line as before.
c. As an independent system integrator, Moore Process Controls is assuring commitment to continued service on all of the Moore Products equipment.
d. Moore Process Controls has represented Moore Products since 1984 and is likely to remain the first choice for representation in sub-Saharan Africa.
Turbo-Werk Messtechnik
To consolidate its position in the process industry Siemens A&D has recently taken over parts of Turbo-Werk Messtechnik in Cologne, Germany, with a business volume of around R41 million. Turbo-Werk specialises in measurement technology on the magneto-inductive principle.
Siemens
(011) 652 3675
Further reading:
4Sight OT Automation achieves prestigious AVEVA Endorsed Partner status
News
4Sight OT Automation, a leading industrial software solutions provider, has achieved Endorsed Partner status within the AVEVA Partner Network.
Read more...
Schneider Electric announces 2023 Global Alliance Partner Programme award winners
Schneider Electric South Africa
News
Schneider Electric has announced the winners of the 2023 Global Alliance Excellence Awards. Throughout 2023, Schneider Electric’s Alliance Partners supported customers in the digitalisation of industrial automation, delivering value with innovative initiatives, solutions and services.
Read more...
Custom containerised lubrication dispensing system
News
Bosch Rexroth Africa recently supplied and installed a customised environmentally friendly and dust-proof lubrication dispensing system for a leading earth-moving equipment supplier.
Read more...
Siemens to acquire industrial drive technology business of ebm-papst
Siemens South Africa
News
Siemens has signed an agreement to acquire the industrial drive technology business of ebm-papst. The business includes intelligent, integrated mechatronic systems in the protective extra-low voltage range and innovative motion control systems.
Read more...
Bearings International fosters a segment strategy
Bearings International
News
Bearings International has a segment approach to the market, which places an intentional focus on key industries in South and sub-Saharan Africa in a bid to optimise operations, enhance uptime, and drive business sustainability and increased profitability outcomes for customers.
Read more...
Local robotics team’s journey to the world stage
News
In the heart of Cape Town, a group of young visionaries aged 12 to 17 is making waves in the world of robotics. Known as Texpand, this team from Pinelands has not only dominated the First Tech Challenge (FTC) in South Africa, but has also earned international acclaim for its innovative approach to engineering and problem solving.
Read more...
RS Group expands by 10 000 products
RS South Africa
News
RS South Africa has announced its Better World Claims Based Framework, enabling customers to select verified sustainable product alternatives. This provides suppliers with a standardised framework to accelerate the development and manufacture of more sustainable and responsible products.
Read more...
IRP 2023 could reset SA’s social and economic problems
News
ACTOM recently held a webinar on the ‘Draft IRP2023 Impact on the Manufacturing Sector’. South Africa’s Draft Integrated Resource Plan 2023 is a key document that outlines a comprehensive strategy for addressing the country’s energy security challenges, while also setting out its transition to a diversified energy mix, including renewables.
Read more...
Young scientists to showcase innovative research
News
Innovative South African research which includes a cost-effective triage test for real-time detection of TB and a nature-based technology that brings about environmental remediation, will be showcased at this year’s International Festival of Engineering, Science and Technology in Tunisia.
Read more...
Moog takes a leadership position in lunar exploration
News
NASA is planning for a sustained human presence on the Moon, and resources such as water could eventually be harnessed from the lunar surface instead of being transported from Earth, and it has turned to industry to find ways to excavate and transport that icy regolith.
Read more...
printer friendly version