21 August 2008
Acquisition of SAT Corporation
Invensys plc, the technology company, announces that its Wonderware business unit has acquired the privately owned SAT Corporation, a Houston-based mobile solutions company, for a cash consideration of $52 million.
SAT's IntelaTrac Enterprise Suite provides configurable software and hardware solutions that enable remote workflow, procedural and general task management within industrial plants, typically focused around asset maintenance and compliance applications. With this acquisition, Wonderware will form a new mobile solutions group that will further expand on SAT's position as a leading global supplier of mobile workforce management solutions, improving mobile production workers' procedural efficiencies within industrial and manufacturing markets.
Ulf Henriksson, Chief Executive of Invensys plc, commented:
"This acquisition exemplifies Invensys' commitment to being a technology and solutions provider that significantly contributes to the business success of our customers. Since Invensys serves a broad range of asset intensive industries, having these solutions in our portfolio will enable multiple business groups such as Wonderware, Process Systems and Rail Group to deliver mobile solutions that connect assets, systems and people. In particular, it enables Wonderware to use its global distribution channels to offer IntelaTrac across its installed base of over 125,000 plants worldwide."
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Contact: |
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Invensys plc |
Steve Devany |
tel: +44 (0) 20 7821 3758 |
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Annabel Michie |
tel: +44 (0) 20 7821 2121 |
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Financial Dynamics |
Richard Mountain |
tel: +44 (0) 20 7269 7121 |