MTL makes £3.7m acquisition

25 July 2007

The MTL Instruments Group has acquired 90 per cent of RTK Instruments for £3.7m (approximately €5.5m) in cash.

RTK is a specialist in the design and manufacture of process alarm equipment, displays and interface products.

MTL said that RTK’s expertise in alarm handling apparatus in hazardous and potential flammable environments would provide a natural fit for MTL, who specialise in hazardous area control and instrumentation equipment.

Graeme Philp, chief executive of MTL, said: “RTK is an excellent acquisition for MTL. Over the last few years it has developed an innovative and highly competitive range of annunciation equipment and it is expanding its international reach considerably.”

Contact Details and Archive...

Related Articles...

Print this page | E-mail this page