27/01/2012
Cooper makes three acquisitions to start 2012
Dublin, Eire
"The acquisitions of Yuhua, Blinda, and GE's British Standard fuse-link product portfolio enhance our presence in higher-growth emerging markets with additional technology and capability. We continue to demonstrate our commitment to the oil and gas space, having now completed 12 acquisitions serving that market vertical in the last 6 years. Along with Cooper's acquisition of Hernis Scan Systems last year, Cooper now provides the industry leading capability, geographic footprint, and portfolio in explosion-proof CCTV systems for harsh and hazardous environments. Although small, Yuhua and Blinda are leading brands in China and Brazil, respectively, and are strategic fits within Cooper's global-leading portfolio of explosion-proof electrical products for harsh and hazardous environments," said Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian.
"Cooper has an exceptionally strong balance sheet and continues to maintain a focused and disciplined acquisition strategy," said Hachigian. "We remain committed to building key business and technology platforms that provide substantial growth in more specification-driven end markets."