MAVERICK acquires GE Energy's automation services business

10/06/2005


MAVERICK Technologies, a US-based global systems integration and operational consulting company, announced the acquisition of the Automation Services business of GE Energy, expanding MAVERICK’s reach into new markets and augmenting its overall service offering.

Paul J. Galeski, P.E., CAP, MAVERICK Chairman and CEO said, “The purchase of GE Energy’s Automation Services represents a strong strategic addition to our mix of automation, business and reliability solutions, and is an integral part of our long-term strategy for sustained growth. Also, the acquisition will allow us to take advantage of the many cross-selling opportunities to our expanded customer base, broaden our national footprint and enhance our global presence in the semiconductor, power generation, water and wastewater, pulp and paper, and automotive markets.

“The primary benefit of this acquisition,” Galeski continued, “is the talented group of engineering, management and administrative professionals who will be coming on board as part of this transaction. This acquisition places MAVERICK as the largest independent systems integrator in North America servicing numerous Fortune 500 clients.”

GE Automation Services employs more than 300 associates in sixteen facilities throughout the US offering expertise in batch and continuous processes, packaging and material handling, motion control systems, electrical systems, installation and maintenance/repair.

“After reviewing numerous options, we felt that the financial track record, strong management team, and compatible service offering, all pointed to MAVERICK Technologies as the best fit for this acquisition,” said Ricardo Artigas, President of Energy Services for GE Energy.

With this transaction, MAVERICK will also be acquiring the controlling interest of C.F. Picou Associates, Inc., a global provider of advanced process control design and implementation services based in Baton Rouge, LA. "MAVERICK's specific experience in control systems and (its) overall automation marketplace involvement are a perfect fit for our APC offerings," said Dr. Jim Ford, President of C.F. Picou Associates.

This latest strategic move follows MAVERICK’s recent announcement of the company’s formation of and participation in the Global Systems Integrator Alliance (GSIA), a worldwide alliance of leading business consulting and integration firms. Both the Automation Services acquisition and the GSIA formation confirm MAVERICK’s position as the largest independent provider of integrated automation, business, reliability and service solutions for the manufacturing and distribution industries. — Jack Smith





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