Mount Engineering specialises in the manufacture and supply of thread-converting adaptors and reducers that are "Ex Certified" for use in potentially explosive or hazardous areas. Additionally, Mount Engineering is engaged in the sale and distribution of industrial valves and actuators to the oil, gas, petrochemical and process industries throughout the world. Mount Engineering will become part of the Cooper Safety division of Cooper Industries.
Apex Lighting Controls delivers integrated lighting control systems and services to manage lighting and energy usage for commercial, government, and healthcare markets in Europe, the Middle East, and Asia. Apex Lighting Controls will become part of the Cooper Lighting division of Cooper Industries.
"The acquisition of Mount Engineering represents a strategic fit with Cooper Safety's existing offering of cable glands and Cooper Crouse-Hinds' extensive portfolio of harsh and hazardous solutions. Cooper's global-leading market position in harsh and hazardous electrical products and extensive distribution channel provides a great opportunity to expand Mount Engineering's offering worldwide," said Cooper Industries chairman and CEO Kirk S. Hachigian.
"Additionally, the acquisition of Apex Lighting Controls demonstrates Cooper's ongoing commitment to enhance our existing portfolio of energy-efficient lighting products and continue to add advanced technology into the portfolio
"Cooper has an exceptionally strong balance sheet and continues to maintain a focused and disciplined acquisition strategy. We remain committed to building key business and technology platforms that provide substantial growth in more specification-driven end markets."
(Jim Evans)
