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“We are delighted to have been able to acquire Elpro. Wireless technology is forming an increasingly important part of the signal and data communication layer on modern process plants. MTL is already a leading supplier of components for this communication layer and now, with the addition of Elpro, we can provide interconnect solutions using all major technologies, including traditional analog, Foundation Fieldbus, Industrial Ethernet, optical and wireless,” said MTL Chief Executive Graeme Philp. “This acquisition positions MTL well for continued growth and success in this important area.”
In the year to June 30, 2006, Elpro achieved a pre-tax profit of about U.S.$985,000 on sales of U.S.$6.7 million.