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Archive of the Mergers and Acquisitions Category

UtiliCon Solutions, Ltd., an Asplundh Company, Acquires Highlines Construction Company, Inc.

Philadelphia, PA, January 19, 2010 — UtiliCon Solutions, Ltd., a subsidiary of Asplundh Tree Expert Co., announced on December 29, 2009, the purchase of certain assets of Highlines Construction Company, Inc. based in Westwego, Louisiana. Highlines, founded in 1969, provides electric transmission, substation and distribution system construction, maintenance, street lighting and related services in the southern United States.


Bryan Beadle, former vice president of Highlines, will have operational responsibility for the Highlines porganization and will report to Greg Holman, vice President of UtiliCon Solutions. Beadle said, “I’m looking forward to continuing to provide outstanding service to all Highlines customers and to future growth opportunities with help from the considerable resources that UtiliCon can offer.”


George Graham, President of Utilicon Solutions, said, “We are very pleased to be adding Highlines to the UtiliCon family of companies. With Highlines’ strong operational performance, safety culture, management team and utility experience, they will bolster our existing construction presence in the South. I welcome the Highlines employees who joined our team and look forward to a very successful 2010 and beyond.”


About UtiliCon and Highlines

UtiliCon Solutions, Ltd., an Asplundh company, is a leading national provider of infrastructure services for utilities. UtiliCon safely and efficiently designs, builds and maintains electric, gas, and telecommunications transmission and distribution systems through our experienced network of operating companies. Highlines Construction Company, Inc. is now a Utility Lines Construction Services, Inc. (ULCS) company. ULCS is a subsidiary of UtiliCon Solutions, Ltd.

Visit www.utiliconltd.com for more information.

Cooper Announces the Acquisition of Cyme International

Power engineering software and services company enables utilities to optimize their networks


HOUSTON, December 2, 2008 — Cooper Industries, Ltd. (NYSE:CBE) today announced that it has acquired Cyme International (“Cyme”) of St. Bruno, Quebec, Canada, a power engineering software and services provider that enables utility engineers to design, analyze and optimize their networks. Additionally, Cyme’s products allow utilities to better manage power outages, leverage advanced metering infrastructure (“AMI”) data, integrate and manage distributed generation assets such as renewable sources of electricity, and maximize the productivity of their networks. Cyme will become part of the Energy Automation Solutions (“EAS”) group within Cooper Power Systems. Terms of the acquisition were not disclosed.


“This acquisition complements Cooper Power Systems’ ability to provide utility customers with comprehensive smartgrid solutions to improve power quality, reliability and efficiency in their transmission and distribution networks,” said Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian. “Cyme’s capabilities in power systems engineering and software development, coupled with our recent acquisitions of Cannon and Cybectec, enable Cooper to provide industry-leading automation solutions and ‘smart’ products that offer enhanced value to our utility customers.”


Cyme International was founded in 1986 with a mandate to provide high quality power engineering software solutions to the electrical industry worldwide. The company is recognized internationally as a world-class software provider with more than 5,000 copies of its software solutions installed around the world. These applications have been used in thousands of transmission and distribution projects in more than 100 countries.


“This is a natural integration of two companies who know that the smart grid is a business driver for utilities,” said Marc Coursol, President and CEO of Cyme. “We look forward to seeing our solutions and engineering services integrated into the Cooper Power Systems offering to better serve our mutual customers the world over.”


Cooper maintains a disciplined acquisition program focused on building out key growth platforms that strengthen the core businesses, adding more end-user specification and technology solutions into the portfolio, and enhancing the global footprint. “Cooper has an exceptionally strong balance sheet and we continue to look for opportunities that are tightly aligned with our acquisition strategy, even with the current macroeconomic volatility,” said Hachigian.


About Cooper Industries

Cooper Industries, Ltd. (NYSE: CBE) is a global manufacturer with 2007 revenues of $5.9 billion, about 87% of which are from electrical products. Founded in 1833, Cooper’s sustained level of success is attributable to a constant focus on innovation, evolving business practices while maintaining the highest ethical standards, and meeting customer needs. The Company has eight operating divisions with leading market share positions and world-class products and brands including: Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. With this broad range of products, Cooper is uniquely positioned for several long-term growth trends including the global infrastructure build-out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety. In 2007, sixty percent of total sales were to customers in the industrial and utility end-markets and 34% of total sales were to customers outside the United States. Cooper, which has more than 31,500 employees and manufacturing facilities in 23 countries as of 2007,754/ is incorporated in Bermuda with administrative headquarters in Houston, TX. For more information, visit the wete at www.cooperindustries.com.


Contact:

Jon Safran

Director, Investor Relations

Cooper Industries

713-209-8610

Jon.Safran@cooperindustries.com

LDIC Group Joins Doble

In July 2008, LDIC was acquired by ESCO Technologies, Inc., the parent company of Doble Engineering Company, and is now a member of the Doble family of companies.


Based in Switzerland and Germany, LDIC is a supplier of “partial discharge” diagnostic testing instruments and systems used to assess the integrity of high-voltage power delivery equipment. The company also provides an advanced surface acoustic wave sensor technology that enables utility customers to remotely monitor the condition of high voltage power lines. LDIC’s instruments are designed for permanent and periodic diagnostic testing of high-voltage transformers, switchgear, cables and large generators, and are widely used by manufacturers of such equipment and by electric utilities and the high-voltage research community. Usage of LDIC’s test equipment can aid in preventing costly and catastrophic failures and improve the in-service life of high-voltage power equipment.


The LDIC partial discharge diagnostic solutions complement Doble’s existing products and knowledge-based services. The LDIC products are becoming increasingly recognized for the value added benefits they provide to their customers. Doble has enjoyed a close business relationship with LDIC for a number of years. This acquisition is yet another indication of Doble’s mission to serve the utility industry on a global basis.


LDIC will be part of Doble’s European Group, which will serve to broaden the portfolio of intelligent diagnostic products and will significantly expand the distribution channels for Doble’s products and services throughout Europe. Additionally, Doble’s more expansive distribution networks in the United States and Asia will provide LDIC with significant growth opportunities worldwide.


For more information about LDIC instruments, go to: http://www.doble.com/products/ldic.html


Contact:

Doble Engineering Company

Robert A. Smith, P.E.

President

DobleINFO@doble.com

Hubbell Announces Three Acquisitions in Its Power Segment

ORANGE, CT., Sept. 24, 2008 — Hubbell Incorporated (NYSE: HUBA, HUBB) today announced that it has acquired USCO Power Equipment Corporation, CDR Systems Corp. and ElectroComposites Inc. Financial terms were not disclosed.


Founded in 1946, USCO Power Equipment Corporation, based in Leeds, Ala., has been serving the needs of the electric utility industry by providing high quality transmission line and substation disconnect switches and accessories. Available products cover voltage ratings from 15 through 500 kV and current ratings from 600 to 5500 amperes. The strong management team and engineering talent have built USCO into a recognized leader in the marketplace for ANSI/IEEE standards-based equipment.


Started in 1970, CDR Systems Corp., based in Ormond Beach, Fla., with multiple facilities throughout North America, manufactures polymer concrete and fiberglass enclosures serving a variety of end markets, including electric, gas and water utilities, cable television and telecommunications industries. CDR brands include Electrimold™, Hot Box® and Comcore®.


ElectroComposites Inc., based in Quebec, Canada, manufactures a high-voltage condenser bushing housed in composite materials. ElectroComposites offers a unique solid cast bushings line that meets North American and international standards. The composite products are a natural complement to Hubbell’s porcelain line.


Following completion of these transactions, USCO, CDR and ElectroComposites will join Hubbell’s Power segment, a designer and manufacturer of products serving the utility industry. The product range includes electrical transmission and distribution products as well as construction materials, which are sold under an array of brand names.


With the synergies and resources available from this Hubbell platform, the USCO, CDR and ElectroComposites brands will be well-positioned for the foreseeable future to provide materials for the increased infrastructure required by the power industry and the alternative utility markets.


“USCO, CDR and ElectroComposites are an outstanding fit with Hubbell’s Power business” said Timothy H. Powers, Chairman, President and Chief Executive Officer of Hubbell Incorporated. “They offer well recognized brands consistent with Hubbell’s reputation for quality products. The product lines extend our business in the Power segment to more fully service our customer base, both domestically and internationally, and will generate growth in this attractive segment.”




About Hubbell Inc.


Hubbell Incorporated is an international manufacturer of quality electrical and electronic products for a broad range of non-residential and residential construction, industrial and utility applications. With 2007 revenues of $2.5 billion, Hubbell Incorporated operates manufacturing facilities in the U.S., Canada, Puerto Rico, Mexico, Italy, Switzerland, Brazil, Australia and the United Kingdom, participates in joint ventures in Taiwan and the People’s Republic of China, and maintains sales offices in Singapore, Hong Kong, South Korea, the People’s Republic of China, Mexico, and the Middle East. The corporate headquarters is located in Orange, CT.


Hubbell Incorporated


Contact:

William R. Sperry

584 Derby-Milford Road

P. O. Box 549

Orange, CT 06477

Phone: 203-799-4293

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