GE Fanuc Acquires MTL Assets
08 April 2008
GE Fanuc Intelligent Platforms has acquired the assets of MTL Open Systems Technology product lines. Bill Estep, vice president of GE Fanuc’s control systems business, claimed the move would enhance the company’s process solution offerings.
He said the acquisition would offer customers ‘a superior line of SIL2 controls, intrinsically safe rated I/O modules and process control technologies’.
GE Fanuc, a unit of GE Fanuc Enterprise Solutions, announced the agreement, signed with the Luton, UK headquartered company, covered the MTL8000 general purpose I/O, intrinsically safe I/O, SafetyNet system, and process control technologies.
GE Fanuc claims it can now fully address the safety system needs of key process industries.
‘When GE Fanuc launched its Proficy Process Systems last year, we took an open approach towards supporting fieldbus technology and I/O,’ Steve Ryan, director of process solutions for GE Fanuc, said.
‘The addition of the MTL8000 line of I/O re-emphasises our commitment to providing our customers with the freedom to choose the I/O, safety and process control strategy that best meets their needs.’
Estep suggested that the acquisition showed how serious GE Fanuc was about process. ‘Like MTL, a key part of our strategy for process solutions is based on working closely with System Integrators to provide value added domain expertise and flexibility for a wide array of customer solutions,’ he said.
‘GE Fanuc looks forward to working with the many integrators who have worked with the MTL products in the past to provide superior process solutions to our extended, customer base.’
‘MTL Open Systems Technology solutions have been proving themselves around the globe and across many industries for the past 10 years,” said Graeme Philp, CEO of MTL.
‘Combining them with the global reach of GE Fanuc Intelligent Platforms and their new GE Fanuc Process Solutions will provide OEMs and end users with highly competitive choices at a great value. MTL will continue to invest in key process related infrastructure such as wireless, fieldbus communications and intrinsic safety.’
The transaction is expected to close in the near future, subject to customary closing conditions.
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