SERVICE SECTOR / ABB to acquire August Systems
ABB broadens system scope on three continents
ZURICH, Switzerland, Feb. 19 /CNW/ - ABB, the international electrical
engineering company, has signed an agreement with American Manufacturing
Corporation, of Philadelphia, to acquire its subsidiary, August Systems, one
of the world's leading providers of industrial safety systems for
petrochemical and petroleum operations. August Systems, who employs 100
people worldwide with revenues of US$16 million, is based in the U.K. and has
additional facilities in the U.S. and Singapore. This new acquisition will
allow ABB to offer the world's widest product portfolio of industrial safety
systems in petrochemical and petroleum sectors.
August Systems' range of products includes process applications such as
emergency and process shutdown, control of critical processes, fire and gas
detection as well as equipment protection systems that are vital to the
operation of petrochemical and petroleum facilities. This will complement
ABB's existing Advant industrial safety system, which has a successful track
record of more than 20 years.
The new company will be part of ABB's Industrial and Building Systems
Segment which employs 95,000 people worldwide with orders in 1996 of
approximately US$17 billion.
NOTE TO JOURNALISTS AND NEWS EDITORS
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For your information, the attached press release has been issued today in
Zurich by the ABB Group.
ABB in Canada is active in a number of sectors, including power
generation, transmission and distribution of electrical energy, steam
generator systems, industrial automation, robotics, drives, measurement
instruments, environmental technologies and other industrial systems and
applications. Headquartered in Saint-Laurent, Qu‚bec, ABB in Canada employs
approximately 2,000 people.
An international group of companies active in the electrical engineering
sector, ABB employs 216,000 people worldwide. |
