ABB Buys K-TEK

Last month, we mentioned that ABB had agreed to purchase Louisiana based company K-TEK. According to an official press release listed on K-TEK’s website, the acquisition has officially taken place for the price of $50M.

K-TEK is a leader in the fluid measurement business.  It’s products will become part of the Measurement Products business at ABB.

“With over 350,000 installations since its founding in 1975, K-TEK is recognized as a global leader in level detection technology. The operation employs more than 250 people with facilities in China, Netherlands, India and South Africa in addition to the US.”

According to Veli-Matti Reinikkala, the head of ABB’s Process Automation division…

“This acquisition will provide our mutual customers in oil and gas, water and other industries with access to an expanded range of leading-edge instrumentation and sensing technologies.  We see a lot of potential for synergy between ABB’s extensive geographic reach and exposure to other industries, and K-TEK’s depth in level detection technology.”

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