LONDON The MTL Instruments Group plc (Luton, England) has acquired Ocean Technical Systems Ltd. (Sutton, England), a specialist in supervisory control and data acquisition (SCADA) solutions for the oil and gas industries, for £3million (about $6million) in cash.
OTS is an established international provider of SCADA solutions for the automation of the berthing, loading and unloading of oil tankers and oil production vessels floating production units (FPSOs), unmanned wellhead production platforms and the monitoring of oil and gas pipelines.
This equipment operates in hazardous and potentially flammable environments and is, therefore, a natural fit for MTL, which has a major position in the provision of hazardous area control and instrumentation equipment.
OTS should be able to extend its international customer base by leveraging MTL's sales channels and OEM relationships. It will also have an opportunity to improve its competitiveness by using MTL's purchasing power and electronic circuit board manufacturing capability.
This is MTL’s third acquisition since May when it bought Elpro International Pty Ltd (Queensland, Australia), a developer and supplier of wireless solutions for the industrial sector from the Queensland Development Fund and directors of Elpro for £12million (about $24million).
Earlier in July it acquired a 90 percent stake in RTK (Knaresborough, England), a specialist in the design and manufacture of process alarm equipment, displays and interface products for £3.7million (about $7million). Immediately prior to the acquisition, the RTK Group was restructured with a new company being set up which acquired the business and assets of the U.K. RTK company, as well as a 51 percent stake in RTK's U.S. distribution company.