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.