Product category:
Manufacturing industry news
News Release from: Citect
Edited by the Manufacturingtalk Editorial
Team on 31 January 2003
Citect acquires Automation Products
Citect, believed to be the largest independent supplier of industrial automation software in the world, has acquired Birmingham based Automation Products.
Citect the largest independent supplier of industrial automation software in the world, has acquired Birmingham based Automation Products The move will provide direct access to new customers and project opportunities in one of the company's most important markets
This article was originally published on Manufacturingtalk on 20 Feb 2008 at 8.00am (UK)
Related stories
Manufacturing execution system software released
Latest version of Manufacturing Execution System software allows multiple applications to provide faster integration and more flexible business processes.
SCADA system protects production against failures
In very large installations, host pairs of servers are used with one host pair dedicated as a standby in a separate location from the primary host pair.
Automation Products was formerly Citect's exclusive distributor in the UK and will now be known as Citect.
The purchase of Automation Products is being made with full cooperation from former owner, Paul Hurst, who will remain MD.
The acquisition will be funded through internally generated cash flow.
Further reading
Advanced clustering improves plant reliability
With the latest HMI/SCADA software, manufacturers can put local systems and centralised servers into redundant pairs, providing the benefits of standardisation and improving plant reliability.
Facilities monitoring cuts management costs
Citect Nexa is open and reliable way to cut building management costs and achieve centralised single or multi-site control
The final purchase price will be performance-based during the next two years and paid through instalments.
A sale agreement has been signed and the close date is January 3, 2003.
The acquisition is expected to be earnings positive in 2003.
"This is a clear demonstration that Citect has the strength to defy the bear market in UK manufacturing," commented Hurst.
"There is strong evidence that overall growth will increase in 2003 and we hope to take full advantage of that." "Our UK customers will benefit greatly from this acquisition," said Wayne Morris, CEO and managing director, Citect.
"It will improve customer service and support, provide UK customers with more available resources and further our aggressive expansion into the emerging industrial information management market." The announcement follows Citect's recent opening of its Guangzhou office in Southern China.
With offices already established in Shanghai, Beijing, and Chongqing, Citect will look to expand further into the Chinese market.
"The expansions in China and the UK will allow us to substantially increase our participation in these attractive markets and build a platform for solid future growth", concluded Morris.
"To thrive in these complex markets, it is vital to have good people on the ground who understand the economy, business and culture." Citect is the largest independent supplier of industrial automation software in the world.
It has been providing engineering services and software to the industrial automation market for over 25 years.
It is listed on the Australian stock market as CTL.
Citect has offices in the Australia, USA, Europe, South Africa and China, and its products are distributed in over 40 countries.
Its corporate headquarters, including the research and development department, is located in Sydney, Australia.
International headquarters and sales offices are located in Charlotte NC, Chicago IL, and Irvine CA in the USA; Leiden in The Netherlands; Johannesburg in South Africa; and Shanghai, Beijing and Chongqing in China.
Citect software is sold in numerous industries, including water and wastewater, facilities monitoring, gas pipelines, mining, dairy, food processing, pharmaceuticals and power distribution. Request free introductory details about products from Citect ...
• Citect: contact details and other news
• Email this article to a colleague
• Register for the free Manufacturingtalk email newsletter
• Manufacturingtalk Home Page
Search the Pro-Talk network of sites
