Siemens acquiring Controlotron
Siemens Energy & Automation, Inc. acquired Controlotron Corporation of Hauppauge, NY. The company expects to close the deal in May 2006.
Siemens is a global leader in process instrumentation and factory automation. Controlotron is a leader in non-intrusive ultrasonic flow measurement and is expected to enhance Siemens' position in this key market segment. Siemens intends to operate the company from its Hauppauge location, which it plans to make a center of competence for ultrasonic flow measurement. Controlotron employs approximately 120 people, to whom Siemens will extend formal offers of employment one week prior to the closing.
"The purchase of Controlotron will strengthen Siemens' portfolio and broaden its presence in the process instrumentation market," said Aubert Martin, President and CEO, Siemens Energy & Automation, Inc.
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Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey