Home » Cooper Industries Acquires MTL Instruments Group
Cooper Industries Acquires MTL Instruments Group
February 11, 2008
Cooper Industries, Ltd., Houston, TX, announced that its subsidiary, Cooper Controls (U.K.) Limited, has acquired The MTL Instruments Group plc. The total purchase price is approximately £144.3 million.
MTL is a supplier of electronic instrumentation and protection equipment for use in hazardous environments. MTL has a global commercial footprint including operations in India, China, and the Middle East. For the year ended Dec. 31, 2006, MTL reported consolidated revenues of £85.3 million.
Cooper Industries is a global manufacturer with 2007 revenues of $5.9 billion, approximately 87 percent of which are from electrical products.